Johnstradamus Real Estate and Other Predictions for Summer
Well, it’s almost the end of the month. As most of you know, sometime around the third of July or thereabouts, it’ll be time to take a look back at June and give you a bunch of Average this and Days-on-the-Market that.
However, I know there are a few dedicated Sith Lords who like to read me so they can catch me making a mistake about the future, and I hate to see anyone want for entertainment, so I thought I’d tell you how the Summer’s going to go.
Here then are some predictions:
1) June unit volume is going to be higher than it was in 2007. Oh, alright, I cheated. This is an easy one, because June’s unit volume as of now is already higher than last year’s, and we have several days left to go. Last June 1,086 units sold all month — so far this June 1,105 units have sold.
2) The year-on-year unit volume increases for June, July, and August won’t be as high as they were for May, but they’ll be substantial — let’s say more than 25% in each month.
3) We won’t see big drops in inventory for Sacramento County for the next few months. I’m thinking we’ll stay pretty even in the Summer, and then start rising a bit in the fall. I hope I’m wrong about that and we get down to about six months by late Summer, but I don’t think it will happen.
4) Real Estate prices will continue to fall, though not as fast as at the beginning of the year.
5) Gas will reach $5.00 per gallon. Sorry.
6) Purva Brown, the Sacramento Real Estate Gal, will have a baby girl. She will be 7lbs 12 ounces at birth.
7) Hungry Parisians, tired of the Johnstradamus gag and out of bread, will riot in the streets.
