Sacramento Housing in February: Sales Down 10% YoY, Active Inventory up 16% YoY

From SacRealtor.org: February sees increase in sales volume, sales price The month closed with 1,015 total sales , a 13.5% increase from the 894 sales of January. Compared to the same month last year (1,131), the current figure is down 10.3% . ... The Active Listing Inventory decreased, falling 4.8% from 2,095 to 1,994 units. The Months of Inventory decreased 13% from 2.3 to 2 Months. [Note: Compared to February 2018, inventory is up 15.7% ] . ... The Average DOM (days on market) increased again, rising from 40 to 43. The Median DOM remained at 27. "Days on market" represents the days between ......(read more)

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