SACRAMENTO REAL ESTATE
- January's median home price was $350,000, essentially unchanged over the median in December ($349,950). Since January 2017, the median home price has increased 14.8% ($305,000 to $350,000).
- The number of homes on the market jumped 6.5% over December, from 1,575 to 1,677. Inventory is up over last year at this time, by 15.3%.
- On average, it took 31 days for a home to sell in January (same as December 2017).
Inventory of homes on the market, while up over December, remains at historic lows. Prices are holding steady. Now that the holidays are over, we can expect to see an increase in buying and selling activity throughout the Sacramento market.