Days on market fell for the first time in months! We are down to 54 days on market for the average house sold in Sacramento county. Median price has remained fairly stable - down slightly from last month's $235,000. April was at $230,000.
1594 homes sold in the month of May and 1995 new listings came on the market. The real surprise? 3621 homes went pending sale in the month of May - that is almost twice the amount of homes than went pending in April!
There are currently 8135 houses on the active market, inventory sits at 5.1 months.
Tomorrow: condo market.
Thursday, June 5, 2008
Sacramento Market Update: Single Family Homes in May
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