Sacramento County Real Estate Market
January’s residential sales in Sacramento County overall were down significantly from January a year ago. 951 residential units sold in January of 2006, versus 1,446 in January of 2005, a 34.2% reduction. Meantime, the expired to sold ratio has grown from 10.1% to 93.1% during that period, and average days on market have grown from 32 days to 49 days.
The average home that sold in January in Sacramento County listed for $400,460 and sold for $393,818, or 98.3% of list price. The median sale price was $357,500, up 9.5% from a year ago, while the average cost per square foot appreciated 9.9% from January to January.
Currently, there is just over seven months of inventory available county-wide.
