Sacramento Housing in July: Sales Up 6% YoY, Active Inventory DOWN 16% YoY

From SacRealtor.org: July sales increase, price unchanged month-to-month July wrapped up with 1,693 total sales, a 10.9% increase from the 1,527 sales of June. Compared to the same month last year (1,598), the current figure is up 5.9% . ... The Active Listing Inventory increased 2.7% from 2,362 to 2,425 units. The Months of Inventory decreased from 1.5 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 July 2018, inventory is down 15.7% ] . ... The Median DOM (days......(read more)

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