Sacramento County Real Estate Market Update

Real estate data, trends, multiple offers, days on market, and momentum for Sacramento County through March 2024. March 2024 was a sellers market in Sacramento County. ► Months of inventory was 1.4, which is 66.4% higher than last year. ► The number of [NEW] listings = 1,235, +34% MoM, +30% YoY. Which is 71% of its [10yr Mar Avg] of 1,743. Last high was 2,558 in May 2018. Last low was 517 in Dec 2023. ► The number of [PENDED] listings = 967, +27% MoM, +4% YoY. Which is 70% of its [10yr Mar Avg] of 1,372. Last high was 1,755 in May 2017. Last low was 593 in Dec 2022. ► The number of [CANC] listings = 142, +8% MoM, -11% YoY. Which is 53% of its [10yr Mar Avg] of 266. Last high was 727 in Oct 2014. Last low was 111 in Jan 2022. ► The number of [SOLD] listings = 750, +4% MoM, -16% YoY. Which is 62% of its [10yr Mar Avg] of 1,216. Last high was 1,742 in Jun 2017. Last low was 550 in Jan 2023. ► [#Offers] = 2,426, +11% MoM, -3% YoY. Avg 3.2. Which is 72% of its [10yr Mar Avg] of 3,378. Last high was average 6.2 offers per SOLD in Apr 2021. ► The number of [ACTIVE] listings = 1,051, +20% MoM, +40% YoY. Which is 56% of its [10yr Mar Avg] of 1,863. Last high was 3,680 in Aug 2014. Last low was 753 in Mar 2023. ► [MEDIAN] = $550,000, +3% MoM, +10% YoY. Last high [MEDIAN] was $575,000 in May '22. ► [MEDIAN Þ] = 4.1, above zero, a BUY signal. Last high was 19 in Aug '21.