Sacramento Housing in August: Sales Down 3.3% YoY, Active Inventory up 22% YoY

From SacRealtor.org: Inventory continues upward trend, sales price stalls for 3rd month August closed with 1,676 sales, a 4.9% increase from the 1,566 sales of July. Compared to August last year (1,734), the current figure is a 3.3% decrease . The Active Listing Inventory increased 10.2% from July to August, up from 2,875 to 3,167 units. [ inventory is up 22.1% YoY from 2,593 in August 2017 ]. The Months of Inventory increased from 1.8 to 1.9 Months. This figure represents the amount of time (in months) it would take for the current rate of sales to deplete the total active listing inventory. ......(read more)

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