{"id":390780,"date":"2026-07-08T16:37:21","date_gmt":"2026-07-08T16:37:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/390780\/"},"modified":"2026-07-08T16:37:21","modified_gmt":"2026-07-08T16:37:21","slug":"housing-analysis-in-sacramento-sacramento-appraisal-blog","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/390780\/","title":{"rendered":"housing analysis in sacramento – Sacramento Appraisal Blog"},"content":{"rendered":"

Some really big things happened this week. Taylor Swift and Travis Kelce got married. The US Soccer team was eliminated from the World Cup. Oh, and the United States turned 250 years old. Look, there isn\u2019t any housing headline that can begin to compete with this stuff, but there is some positive change happening. Let\u2019s talk about an improvement in volume this year so far.\u00a0<\/p>\n

NOTE: This post is designed to digest slowly or skim quickly by topic<\/p>\n

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UPCOMING SPEAKING GIGS:<\/p>\n

7\/8\/26 NorCal REI Meetup (RSVP here<\/a>)
7\/13\/26 LPT Realty Zoom\u00a0
8\/6\/26 PCAR Auburn
8\/25\/26 Elk Grove MLS Meeting 8:30am
9\/1\/26 ROG Talks
10\/2\/26 PCAR Rocklin
10\/21\/26 Coldwell Banker Sierra Oaks \/ EDH<\/p>\n

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MORE BUYERS IN 2026 SO FAR<\/p>\n

We\u2019ve started to see an improvement in closed sales volume. This isn\u2019t a dramatic change, but so far, we\u2019re up 4.9% from one year ago. Insert golf clap here for the positive news. For most of the year we\u2019ve been talking about more pending contracts, and we\u2019re starting to see those pendings close.<\/p>\n

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$10.6 BILLION IN PRICE VOLUME<\/p>\n

So far, we\u2019ve seen 17,000 sales and $10.6 billion in price volume this year. If you work in real estate, ask yourself where the transactions are happening, and focus on building relationships with these people. I realize this is very wide area, but in today\u2019s market, the net gets cast a little further, right? Yes, I\u2019ll take that listing in Nevada City. Heck yeah, let\u2019s do Stockton.\u00a0<\/p>\n

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IT\u2019S HARD TO SEE WITH BOOTS ON THE GROUND<\/p>\n

We have almost 5% more volume this year, but I think it\u2019s hard to see the change for a few reasons. One, affordability is still really challenging, and I think most people see a lack of affordability more. Two, it\u2019s a hard market for real estate professionals, and people in their individual book of business may not feel any change, especially if they\u2019re not focused on $400,000 to $500,000 where we\u2019ve seen the bulk of growth. Lastly, this isn\u2019t that much change. If someone weighed 200 and lost 5% of their weight, only some people would notice ten pounds. Probably only good friends and family. All I\u2019m saying is we haven\u2019t had enough volume change for the masses to really notice yet.\u00a0<\/p>\n

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It\u2019s okay if you can\u2019t see the change, but it has been happening, so how are you going to position your business? That\u2019s the question. The truth is we choose our mindset no matter what is happening in life or the housing market. It\u2019s also easy to say this and harder to apply in real life, but that doesn\u2019t make it untrue.\u00a0 \u00a0<\/p>\n

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THERE IS LEGITIMATE GROWTH HAPPENING THOUGH<\/p>\n

It might be hard to see the change, but it\u2019s happening. This is why we need to be careful with a boots on the ground view. Let\u2019s also get an aerial view to really look at the stats. The truth is we\u2019re still down significantly from the pre-2020 norm, but we\u2019ve seen a bit of growth. Both things are true. One thing to keep in mind is June 2025 was particularly weak in light of economic uncertainty, so that\u2019s giving a boost to the stats this year. Before June, we were up slightly less than 3% for the year. In layman\u2019s terms, the market sucked bad last year, and we\u2019re now outpacing it (probably not a massive flex here, but we\u2019ll take the growth).\u00a0<\/p>\n

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STRONGEST JUNE SINCE 2022<\/p>\n

It was the strongest June of closed sales volume since 2022. I wouldn\u2019t flex too hard over one month, but I wanted to at least share it.\u00a0<\/p>\n

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HOMES IN GOOD CONDITION STAND OUT<\/p>\n

I\u2019m talking to an investor group tonight<\/a>, and one of the points I\u2019m going to make is how homes in good condition are a hot commodity in today\u2019s market. Price it right and don\u2019t ignore how sensitive buyers are to condition.\u00a0<\/p>\n

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CONDOS HAVE A DIFFERENT STORY OF NO GROWTH\u00a0<\/p>\n

Condo volume has been flat, which is a good reminder the slightly better trend in the detached market isn\u2019t going to show up for all property types. And while detached price change has not been intensifying downward, condo prices have persisted to decline more.\u00a0<\/p>\n

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NEW CONSTRUCTION IS AHEAD TECHNICALLY<\/p>\n

There have been almost 250 more new homes sale this year compared to last year, and new construction volume is basically on par with the pre-pandemic trend. However, there is more to the story.<\/p>\n

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It was a pretty weak June this year. While June 2026 still outperformed June 2025, this was historically low. All I\u2019m saying is we want to watch new homes volume closely and not ignore some weakness in June in the midst of a pretty decent year overall so far. There are definitely some builders having a hard time because they\u2019ve had to increase concessions and\/or cut prices, which leads to less profit. Of course, for buyers, this is a good thing.\u00a0<\/p>\n

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TOP 10 LOCATIONS FOR NEW CONSTRUCTION<\/p>\n

Where are buyers buying? Here\u2019s a look at the top ten locations for new homes in the Sacramento region in June 2026.\u00a0<\/p>\n

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MOST PRICE RANGES HAVE GROWN<\/p>\n

Most price points in the region have seen growth this year. If you work in real estate, I encourage you to pay attention to locations and price ranges that are changing. This presents clues for what to talk about online and where to focus business.\u00a0<\/p>\n

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A DISCONNECT FROM NAR HEADLINES<\/p>\n

There is so much talk about first-time buyers being older than ever<\/a> and the numbers falling to record lows<\/a>, but the price range growing the most in the region is actually $400,000 to $500,000. It\u2019s ironic because NAR is putting out headlines about boomers dominating the market and first-time buyers sagging, but the price range growing the most locally is one where first-time buyers tend to play. To be fair, I wouldn\u2019t say every buyer in this range is a first-time buyer. It\u2019s actually very challenging to gauge the number of first-time buyers in a market. I could tell you 19.2% of this price point used FHA financing, but many first-time buyers also use conventional, so we can\u2019t just look to FHA.\u00a0<\/p>\n

NOTE: I\u2019m not anti-NAR, but I\u2019m not a fan of their generational survey that seems to keep producing viral headlines that are questionable. This survey says first-time buyers are 40 and first-time buyers are shrinking.\u00a0<\/p>\n

LOWER CANCELLATIONS COMPARED TO LAST YEAR<\/p>\n

The number of listing cancellations is slightly lower than one year ago, and that\u2019s not a shocker since the number of active listings has been lower today. We could say we\u2019re not back to pre-2020 levels, and that\u2019s true, but there were also many more listings in 2019.\u00a0<\/p>\n

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THE 2007 COMPARISON GETS AWKWARD<\/p>\n

So much of the housing narrative flippantly compares 2026 with 2007, but the stats are so different. The only stat that is similar is the number of sales being so low today like back then.\u00a0<\/p>\n

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EMBRACE A SLOW BURN OF CHANGE<\/p>\n

I suspect many people are hoping for quick change in the housing market, but we\u2019ve been very stuck for years, and we are seeing a slow change. My advice? Don\u2019t expect for a sharper change to the market without a sharper change to affordability. Keep your head down, build relationships, and rejoice in a little bit more volume today.\u00a0<\/p>\n

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Anyway, I hope that was helpful. Thanks for being here.\u00a0<\/p>\n

Question: Are you noticing any volume change? What are you seeing happen with prices too? What did I miss? Anything else you would add?<\/p>\n

If you liked this post,\u00a0subscribe by email\u00a0<\/a>(or\u00a0RSS).<\/a>\u00a0Thanks for being here.<\/p>\n","protected":false},"excerpt":{"rendered":"Some really big things happened this week. Taylor Swift and Travis Kelce got married. The US Soccer team…\n","protected":false},"author":2,"featured_media":390781,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[121,123,122],"class_list":["post-390780","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sacramento","tag-sacramento","tag-sacramento-headlines","tag-sacramento-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/390780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=390780"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/390780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/390781"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=390780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=390780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=390780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}