Sacramento Housing in April: Sales decline 32% YoY, Active Inventory down 15% YoY

As expected, the housing market slumped in April. There is some evidence of a pickup in activity recently, but any lasting resurgence will be dependent on the course of the pandemic. Note that April sales are for contracts typically signed in February and March.  So the report for May will probably be even worse (based on March and April contracts). From SacRealtor.org: April 2020 Statistics – Sacramento Housing Market – Single Family Homes April closed with 1,013 sales, down 13.4% from the 1,170 sales in March. Compared to one year ago (1,496), the current figure is a 32.3% drop .......(read more)

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