Sacramento Housing in October: Sales Up 7.1% YoY, Active Inventory DOWN 25% YoY

From SacRealtor.org: Sales volume jumps for October, prices remain flat October saw a 10.6% increase in sales volume, jumping from 1,393 in September to 1,540 units this month. Compared to one year ago (1,438), the current figure is up 7.1% . ... The Active Listing Inventory decreased from 2,457 to 2,301 units. The Months of Inventory decreased from 1.8 to 1.5 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 October 2018, inventory is down 24.1% ] . ... The Median DOM......(read more)

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