Real Estate

Multiple Offers Plummeting, Inventory Up

Roseville, CA- Compared to last year, home buyers are facing less competition when making offers on houses here in the Sacramento area.

A study by Redfin indicated that only 11 percent of offers received by sellers in Sacramento had multiple offers. This is down from 58 percent in January 2018. According to the report, the numbers for California are down to 13 percent from 53 percent a year ago.

↬ Summer Fun Starts Here ↫

⤥ Summer Fun Starts Here ⤦

⤥ Summer Fun Starts Here ⤦

⤥ Summer Fun Starts Here ⤦

Less Buyers, Inventory Rising

The reason for the decline in multiple offer situations and less competition for buyers is supply and demand. The number of houses on the market is increasing, and there appear to be fewer buyers. Our experience at MagnumOne Realty reflects what is happening in the study but feel last year was a period of unusually low for sale inventory. The uncertainty with the economy and changes in tax laws may have caused potential sellers to take a wait and see attitude.

Buyers who are currently shopping are finding sellers who are willing to negotiate.

Facing less competition is allowing buyers more time to find homes which meet their “wants,” not just their “needs.”

For Realtors, it means spending more time showing homes, but greater success with the offers we prepare.

MagnumOne Realty / Julie Jalone

Realtor Julie Jalone

If you or someone you know is considering buying, please feel free to contact me MagnumOne Realty office in Roseville at (916) 276-6883 and email at [email protected].

We specialize serving the needs of buyers and sellers of homes in the Roseville and Sacramento area including Sacramento, Placer, El Dorado, Sutter and Yuba counties.

DRE# 01418097

Roseville Today is locally owned & community supported.
(21+ years strong)
Welcome to the brighter side!
Feature your Business & Events on the brighter side.
Get in front of local customers! 24/7 (365)
NO AFFILIATION to print or big media.