Property in Sacramento County is worth almost five billion dollars more than it was last year. A four percent increase is small potatoes if you were in the market during the housing boom. Lyon Real Estate VP Jim Waters says not to expect activity like in the recent past.
"It's not going to be big jumps anymore, it's going to be like it used to be in the old days."
He sees the stabilizing market as a means to get back to our roots, saying,
"Your house needs to be in good condition, it needs to be priced properly, and the bottom line is, it will sell."
Don't get too excited though, it doesn't mean we've returned to a seller's market, or a buyer's market for that matter.
"I would say it's probably neutral, we're back to a normal market for about 85% of the sales that are happening."
Neither boom nor bust ... but steady progress.