As the real estate market in Sacramento County continues to evolve, it’s important to stay up-to-date on trends and predictions for the future. Here we take a look at what to expect from the Sacramento County real estate market in March 2023.
- Prices are Likely to Rise: According to experts, due to its strong economy and job market, prices will likely continue to increase over the course of the coming year in Sacramento County. This is great news for anyone thinking of selling their home or looking to buy as demand will be high and buyers/sellers should benefit from favourable conditions if they act quickly.
- Low Inventory: Despite increasing prices, inventory levels across the county remain low meaning potential buyers may find it difficult to find a property that suits their needs in their desired neighborhood - however this could also create opportunities for sellers looking to maximize value if listed correctly.
- Homebuilding Activity Will Continue To Accelerate: Developers are continuing focus on building new properties especially single family homes which are likely to provide excellent returns when sold at some point down the line - this trend is likely here to stay!
- Growth In Long-term Rentals: The growth in long-term rentals indicates that renters are looking for more than just short term convenience; by investing in longer leases these renters can take advantage of predictable costs and improved amenities such as increased storage space etc., making them an attractive option for many potential buyers out there!
By keeping up with predictions like these before entering into any transactions, you can ensure you make informed decisions when it comes your real estate investments!