Sacramento County Housing Market Stabilizes in February

The stats for the month of February 2023 are in.

The real estate market in Sacramento County picked up in February, with sales climbing and prices remaining steady. Let's take a closer look at the numbers.

Sales climbed significantly in February, with a total of 699 sales, representing a 22.2% increase from January, which had 572 sales. While this increase is significant, it's important to note that compared to one year ago, the current figure is still down 35.4%.

The median sales price remained unchanged at $499,000 a month, which is good news for buyers who are looking for stability in the market. However, this figure is a 7.6% decrease from February of 2022 when the price was $540,000. This could be a sign that the market is starting to level out after the recent years of significant growth.

The median days on market decreased from 29 to 22, which is great news for sellers who are looking to move their property quickly. However, the average days on market increased from 44 days to 45 days. This suggests that while some properties are selling quickly, others are taking longer to sell.

Overall, the housing market in Sacramento County in February showed signs of picking up, with sales climbing and prices remaining steady. While the figures are still down compared to one year ago, the market is showing signs of stabilization, which is a positive sign for both buyers and sellers.

If you're interested in buying or selling property in Sacramento County, it's important to stay up-to-date on the latest market trends and statistics. By working with a qualified real estate agent, you can get the guidance and support you need to make informed decisions about your real estate transactions. As a knowledgeable and experienced real estate agent, I am here to help you navigate the current market conditions and find the right property for your needs. Contact me today to get started on your real estate journey!

See all statistical reports compiled by the Sacramento Association of REALTORS®.

Post a Comment