Sacramento County Duplex Market
When we last reported on the market for Sacramento’s duplexes, there were 5.9 months of duplex units in inventory. Currently that number stands at 4.8 months. Seventy listings were sold (closed escrow) in October, about the same as last year’s 71 listings.
During the same time, forty-two listings went “pending” (i.e., escrow was opened). On the red ink portion of the ledger, we saw forty-one listings expire, and fifty-one listings were withdrawn or cancelled in October. The expired to sold ratio was 58.6%.
The average duplex sold in October for $431,219, or 98.8% of the average list price of $436,528. The median sale price was $425,000. Last year’s average sale price was $378,294, so the average sale price has increased 14%. The median is up 16.4% from last year’s value of $365,000.
Days on market are up to forty-five days, from last year’s thirty-three.
