"In December, Sacramento experienced a remarkable surge in active listings, soaring by 26% compared to the previous year, reaching a total of 899 homes. This was significantly higher than the national increase of 12.1%. The number of newly listed homes also climbed by 23% year-over-year, contrasting sharply with a national decline of 1.8%. This influx of new listings painted an exciting picture for buyers eager to explore a robust market brimming with options."
"The median listing price in Sacramento in December was $483,750, marking a year-over-year increase of 1.4%. This stood out against the national trend, where the median listing price fell by 0.6%. The relatively modest price increase in Sacramento highlighted a stable demand, offering buyers a reassuring market landscape while maintaining competitive pricing. Homes in Sacramento spent an average of 56 days on the market in December, which was a 5.2% increase from the previous year."
December in Sacramento saw a 26% year-over-year increase in active listings, reaching 899 homes, outpacing the national 12.1% rise. Newly listed homes climbed 23% year-over-year while national new listings fell 1.8%. The median listing price rose to $483,750, a 1.4% increase versus a 0.6% national decline. Homes averaged 56 days on market, a 5.2% increase year-over-year and shorter than the national median of 73 days. Rising inventory and longer market times created greater choice and negotiating leverage for buyers, while sellers needed sharper pricing and marketing strategies to remain competitive.
Read at SFGATE
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