Sacramento Housing in August: Sales decline Slightly YoY, Active Inventory down 50% YoY

Note that August sales are for contracts typically signed in June and July. From SacRealtor.org: August 2020 Statistics – Sacramento Housing Market – Single Family Homes August closed with 1,560 sales, down 11.9% from the 1,755 sales in July. Compared to one year ago (1,567), the current figure is down .4% . ... The Active Listing Inventory decreased 2.2% from July to August, from 1,266 units to 1,238 units. Compared with August 2019 (2,460), inventory is down 49.7% . The Months of Inventory increased from .7 Months to .8 Months. This figure represents the amount of time (in months) it would......(read more)

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