Sacramento Housing in August: Sales Down 6.5% YoY, Active Inventory DOWN 22% YoY

From SacRealtor.org: Median sale price, sales volume decrease for August August ended with 1,567 sales, a 7.4% decrease from the 1,693 sales last month. Compared to the same month last year (1,676), the current figure is down 6.5% . ... The Active Listing Inventory increased 1.4% from 2,425 to 2,460 units. The Months of Inventory increased from 1.4 to 1.6 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 August 2018, inventory is down 22.3% ] . ... The Median DOM (days on......(read more)

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