Sacramento Market Update for June: Single Family Residences

I guess I stand corrected: it isn't exciting out there this month in real estate. Which makes it perfect for all you home buyers out there, but this market update doesn't promise to change anything. :(

Median price fell to $220,000 from May's $230,000. Days on market stayed pretty much the same at 50. 1866 single family residences sold in the month of June and 2074 homes went pending.

1241 more homes came on the market in the month of June. We have a total of 8157 homes for sale. Inventory is lower than May at 4.6 months.

The silver lining you've come to expect? Sales were up 17% month to month over May!

Saturday: condo market.