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By Frank Valente

Associate Broker at eXp realty of California. Active agent and broker since 2003 in the Sacramento Region. Retired from the Navy in 2002 after 24 years as a Commander. Former Surface Warfare Officer.

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With all the news about the shifting market, there’s a lot going on in the real estate world. Today, I have the latest statistics and market data to help you understand what’s going on. We’ll cover what this means for both buyers and sellers.

Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:

0:00 — Introduction

0:40 — Available inventory

1:00 — Sold homes

1:12 — Absorption rate

2:00 — Prices are down 9%

2:24 — Prices are up from two years ago and four years ago

4:04 — The economic climate

5:44 — The effect of interest rates

6:53 — Absorption rate velocity

9:31 — Wrapping up

I hope you found that both interesting and informative. Please feel free to reach out if you have any questions about the market, where it’s at, and where it’s heading. If you are looking to buy or sell in this climate, please give me a call or send me an email. I’d love to help you out.

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