Sacramento Housing in March: Sales Down 5% YoY, Active Inventory up 4% YoY

From SacRealtor.org: Spring sales season kicks off in March March ended with 1,320 total sales , a 30% increase from the 1,015 sales of February. Compared to the same month last year (1,395), the current figure is down 5.4% . ... The Active Listing Inventory decreased 5.6%, dropping from 1,994 to 1,883 units. The Months of Inventory decreased 30% from 2 to 1.4 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. [Note: Compared to March 2018, inventory is up 3.6% ] . ... The Median DOM (days on ......(read more)

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