"Sacramento's median list price rose to $487,450 in February, up 2.6% year-over-year, while the national median dropped 2.1% over the same period, showcasing local market strength."
"Active listings climbed 9.2% year-over-year to 810 homes in February, outpacing the national growth rate of 7.9%, indicating more options for buyers."
"Homes in Sacramento took an average of 37 days to sell in February, which is still remarkably fast compared to the national median of 70 days."
Sacramento's housing market showed resilience in February, with a median list price of $487,450, up 2.6% year-over-year. Active listings increased by 9.2%, providing buyers with more options, though it is not yet a buyer's market. Sellers maintained pricing power, with only 13.7% of listings experiencing price reductions. Homes took an average of 37 days to sell, still faster than the national average of 70 days. The market is shifting but remains favorable for sellers amid rising inventory.
Read at SFGATE
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