Sacramento Housing in November: Sales Down 4.8% YoY, Active Inventory down 33.6% YoY

From SacRealtor.org: Sales, inventory drop for November November closed with a 19.4% decrease in sales volume, dropping from 1,540 in October to 1,242 units this month. Compared to one year ago (1,304), the current figure is down 4.8% . ... The Active Listing Inventory decreased from 2,301 to 1,803 units. The Months of Inventory remained at 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 November 2018, inventory is down 33.6% ] .......(read more)

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