February’s Real Estate Statistics for Sacramento County
Well, it’s time once again to take a look back at the month that was and compare it to the month that was a year ago. February’s numbers show modest declines from those a year ago.
February’s average home sold in Sacramento County for $391,536, down 1.6% from last February’s figure of $397,906. Sold price per square foot dropped 4.7% during the same period, from $240.57 in 2006 to $229.24 in 2007. The median price is down 1.9%, from $360,000 in February of 2006 to $353,000 in February of 2007.
The expired to sold ratio is up somewhat, from an already “buyer’s market” 66.7% last February to 82.3% this February. With 8196 units currently in inventory and average monthly sales of 1174.5 units over the last year, inventory works out to seven months.
