Mortgage Rates

Remain historically low, helping new buyers enter the market

2010 2012 2014 2016 2018 2019

Home Buying in 2020

33%

of all buyers are first-time buyers.

59% of first-time buyers

are 18-34 years old.

Buyers typically searched 10 weeks

and looked at an average of 9 homes.

44% of Buyers looked online first

for properties listed in their area.

75% of non-owners

see homeownership as a part of their

American Dream.

78% of non-owners

believe homeownership is a good

financial decision.

Home Selling in 2020

Sellers sold their homes for a median of 99% of their final listing price

23% reduced asking price at least once

In 2019, sellers were getting a median of $60,000 more than what they purchased the home for — in 2018, that amount was $55,500.

31% is the median amount of equity a seller had in the home.

Winning Through Referrals

of buyers used an agent referred to them by a friend, neighbor, or relative.

of sellers found their agent through a referral from a friend or family member, or used the same agent they had worked with the last time they bought or sold a home.

would use their agent again or refer them to others

Whether you have questions about the market or know someone who is ready to buy or sell this year, I’m here to help with all of your real estate needs! Just give me a call!

Learn more about our team here.

About our Team

The Sherri Patterson Team specializes in residential real estate and relocation, with a combined 75+ years of experience serving the Sacramento, El Dorado, Placer and Yolo counties. We work directly with hospitals, physicians and medical professionals. Whether you're looking to buy, sell or relocate to the Greater Sacramento area, we are the premier real estate team of choice. Our office is located at Keller Williams in Folsom, CA

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