Sacramento Housing in May: Sales decline 37% YoY, Active Inventory down 23% YoY

Note that May sales are for contracts typically signed in March and April - when the economy was shutdown - so the report for May is pretty weak. Sales will pick up in the June / July reports. From SacRealtor.org: May 2020 Statistics – Sacramento Housing Market – Single Family Homes May closed with 1,032 sales, up 1.9% from the 1,013 sales in April. Compared to one year ago (1,630), the current figure is a 36.7% drop . ... The Active Listing Inventory decreased 2.6% from April to May, from 1,823 units to 1,775 units. Compared with May 2019 (2,314), inventory is down 23.3% . The Months of......(read more)

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