Sacramento Housing in July: Sales Down 2.2% YoY, Active Inventory up 20% YoY

From SacRealtor.org: Sales, median sales price drop, inventory creeps upward July closed with 1,598 sales, a 9.6% decrease from the 1,767 sales of June. Compared to July last year (1,634), the figure is a 2.2% decrease . Of the 1,598 sales this month, 214 (13.4%) used cash financing, 975 (61%) used conventional, 291 (18.2%) used FHA, 81 (5.1%) used VA and 37 (2.3%) used Other types of financing. Active Listing Inventory increased 8.1% from 2,660 to 2,875 units [ inventory is up 20.0% YoY from 2,395 in July 2017 ]. The Months of Inventory increased from 1.5 to 1.8 Months. This figure......(read more)

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