Sacramento Housing in December: Sales Up 12.7% YoY, Active Inventory down 38.8% YoY

From SacRealtor.org: December market sees inventory drop 27% December closed with 1,244 sales, up slightly from 1,242 in November. Compared to one year ago (1,104), the current figure is up 12.7% . ... Over the last three months the Active Listing Inventory has decreased from 2,301 units in October to 1,803 units in November to 1,315 units for December. From October to December, this is a 43% decrease. From November to December, this is a 27% decrease. The Months of Inventory dropped from 1.5 to 1.1 Months. This figure represents the amount of time (in months) it would take for the current......(read more)

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