Sacramento Area Housing Market Update - March 2023
Chris Baquial • March 11, 2023

 

We've seen a lot of changes happening in the market over the past 5-6 months and with so much uncertainty out there, it's GREAT to look into the data and see what's REALLY happening!  And it's looking like we're heading back in the right direction!

 

In looking into the real estate trends for Sacramento, Placer, and El Dorado Counties we're starting to see another shift...and it's appears to be going in the right direction!


On the first chart we see the listing inventory which we saw a slight decline in homes for sale, however, home sales actually increased for the first time in 5 months along with pending sales seeing another upward trend month over month.


Price per square foot also it's first increase in over 9 months along with the list to sold ratio!


An the last metric we reviewed is the months worth of inventory, which dropped significantly from January to February re-emphasizing the inventory shortage we've been experiencing for some time now. 


If you're thinking about buying or selling your Sacramento area home, it's important to connect with an experienced agent that can help guide you though this rapidly changing market. 


"We've already helped over 7,500 families in our region."




We've already helped over 7,500 families in our region, and we are committed to helping you too. Our team of experts is always here to help and provide you with the support you need to make your home-selling journey as stress-free as possible. We look forward to hearing from you!


Give us a call at 855-Tom-Daves for a free strategy session to review your real estate goals!


 

 

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