13 Sep
Sacramento Condos Inventory
Posted September 13th, 2005 | View Comments
For some time now I’ve known through my publication of the Sacramento Condo pages that inventory was a bit high. Today I put a number on how high is up, and the result is this: The present inventory of condos in Sacramento County would take 2.99 months to sell. This is based on August’s sold volume of 171 condo units sold throughout Sacramento County. As of 9/12/05, we had a total of 525 units in inventory.
The average condo in Sacramento county in July listed for $272,156 and sold for $271,484 after being on the market 23 days. The average condo sold measured 1,188 square feet.
Sacramento County’s “current” average condo is somewhat smaller (1,099 square feet) has been on the market longer (38 days), and is somewhat less expensive at a $253,372 list price. The median price for Sacramento Condos currently listed is $239,000.
