"In October, home prices fell slightly from the month before, with a median listing price of $485,000. The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Sacramento, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Sacramento tend to fall in October."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the City of Trees are outpacing the national market. In October, there were 1,196 homes for sale in Sacramento, which was 0.5% less than the month before and 17.3% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001."
Median listing price in October was $485,000, a slight decline from the month before. Price per square foot in Sacramento remained practically unchanged month-over-month despite a typical October decline. Nationally, price per square foot decreased 0.8%, so Sacramento price changes outpaced the national market. Active inventory in Sacramento was 1,196 homes, down 0.5% from September and up 17.3% year-over-year. New listings numbered 586, down 8.2% month-over-month and 9.0% year-over-year; national new listings fell 2.7% to 384,264. Homes in Sacramento averaged 47 days on market, one day faster than last month and seven days slower than a year ago; national average was 63 days.
Read at SFGATE
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