January 2018 market news and more!
January 2018 Market News and more! Your Monthly Real Estate Insight...and MORE! Greater Sacramento Market Update INVENTORY SLIPS BUT DOESN’T STALL LOCAL HOUSING SALES 15% fewer homes available for sale versus October The number of active and available homes for sale throughout Greater Sacramento declined a 15 percent since October yet currently stands 2 percent above last year at this time. Market demand, based on newly pended sales, showed less than 2 months of home supply on December 1st. This information is based upon data provided by Trendgraphix Inc. Although the number of homes that went under contract as pending sales (2,310) and were sold and closed (2,159) across the region for November were down from October (2,548 and 2,215 respectively), they exhibit a normal seasonal adjustment in buyer activity. They also show a strong conclusion to 2017 as the new pending sales for the month were 13 percent higher than November of 2016. Homes prices remain relatively stable