Sacramento County Real Estate Market
Well, as we get into late October I thought it’d be interesting to sort of hit the “zoom out” button on Sacramento’s real estate market and deal with September’s numbers for the entire county, rather than a given city or area. Of course, we’re still dealing with only a single month, but in a way our average numbers become more interesting when taken for the county as a whole because we have a larger sample (and therefore, as you may already know, the numbers become more statistically significant).
Anyway, theoretical mumbo-jumbo aside: In September of 2005, 1994 residential units were sold via the MLS in Sacramento County. Unit volume was down 14.9% from last September’s tally of 2343. A square foot of residential property cost $252 in Sacramento County in September, up 17.8% from the $214 per square foot figure of a year ago. September’s average was listed for $410,059, and sold for $407,445, or 99.4% of list, after being on the market an average of 30 days. The median sale price in September was $375,000.
Last September the median home sale price was $315,000, while the average was $340,019.
Days on market increased some 30% from last year, from 23 days on average last year to 30 days on average this year. As of October 27, we have 3.8 months of residential inventory.
