Market Conditions - May 8, 2006 by Carla L. Davis
Experts are reporting that the Sacramento market is hurting. As more homes go up for sale, the inventory of homes is now over a six month supply. This isn't good news for sellers who are wanting to sell now before any further drops in buyer activity. Because buyers are already backing off. The Mortgage Bankers Association has reported that mortgage application activity is decreasing -- if only minimally. It dropped 1.7 percent in just a week. And with average homes prices listing near $454,000 (the average selling price is considerably lower at this time at $363,000) in the Sacramento area, its no wonder buyers are taking their time to decide what is best for them. One expert predicts, however, a little good news for sellers, in that homes could appreciate by as much as 3 to 5 percent before the summer. What should a seller do to prepare to sell? Be sure that your home is in the best condition possible. Consider what other homes in the area are selling for and makes your the bargain. Homes that are priced right for this current market will sell the most quickly. | 
