"In November, home prices rose substantially from the month before, with a median listing price of $498,000. The number of listings on the market shrank 8.8% from last month, which 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. Home prices in Sacramento Typically, home price per square foot in Sacramento tend to rise in November."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the City of Trees are outpacing the national market. Sacramento inventory In November, there were 1,087 homes for sale in Sacramento, which was 8.8% less than the month before and 12.1% more than the same time last year."
"The number of new listings in Sacramento was 508, which was 13.3% less than the month before and 0.8% more than the same time last year. Nationally, the number of new listings fell by 14.1% from last month to 330,908. Homes in Sacramento take an average of 50 days to sell, according to November figures. This is three days more than the previous month and five days more than the same month last year."
Median listing price in Sacramento reached $498,000 in November, reflecting a month-over-month rise. Price per square foot in Sacramento increased 0.4% from the month before while the national price per square foot fell 1.2%, indicating stronger local price momentum. Active inventory in Sacramento totaled 1,087 homes, down 8.8% from the prior month but up 12.1% year-over-year. New listings numbered 508, down 13.3% month-over-month and up 0.8% year-over-year. Average time on market in Sacramento was 50 days, three days longer than the previous month and five days longer than a year earlier, versus 64 days nationally.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]