What Do the Latest Stats Say About Our Market?

According to the latest stats, we’re in a very hot seller’s market.

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As we continue through November, we're still in a very hot seller's market in Sacramento, and I have the latest numbers to prove it.

During October, the number of for-sale listings dropped 55% year over year and nearly 7% month over month. The number of sold listings, meanwhile, rose 15% year over year and 3% month over month. Compared to last year, inventory is down 61.2%. With inventory so low, prices have increased by nearly 11%. Additionally, the average days on market for homes is down 30%.

If you’d like to put your home on the market and take advantage of these conditions or have any real estate questions at all, don’t hesitate to reach out to me. I’d love to help you.