Greater Sacramento Real Estate Market — Inventory Report

Posted by John Lockwood on June 15th, 2008

One of the figures you should pay attention to when you’re buying a selling a home is the inventory for the area you’re interested in.  Inventory simply means how many homes are for sale now, divided by the average number of homes that sell every month.  If 5 homes sell every month, and 50 homes are available, that means there are ten months of inventory.  Inventory numbers over 6 months are considered signs of a “buyer’s market”, while inventory numbers under six months are considered to mean the area is in a seller’s market.  Low inventory means buyer demand is high and prices are probably rising (or in this market, falling more slowly).  High inventory means prices are likely to fall more quickly, and there are not enough buyers to purchase the homes that are on the market.  The higher the inventory, the more aggressively a seller needs to price their home to make it sell.

Another important number you should keep in mind are the total number of homes that sell every month.  If not enough homes sell, the statistics for a given area may not be very significant.  For example, in the table below, Courtland shows 4 months of inventory, but since only .3 homes per month sell, the statistics don’t tell you much.  In contrast, Citrus Heights has 5.6 months of inventory, and the figure is somewhat more reliable since 36.9 homes sell every month.

The report below includes tables for Sacramento County, Placer County, and El Dorado County.


Sacramento County

Area Name Zip Code Average Sales
Per Month
Inventory
Carmichael 95608 33.0 7.8 months
Citrus Heights 95610 24.9 6.9 months
Citrus Heights 95621 36.9 5.6 months
Courtland 95615 0.3 4.0 months
East Sacramento & Vicinity 95819 16.4 5.8 months
East Sacramento & Vicinity 95817 12.9 8.8 months
Elk Grove 95624 52.7 7.8 months
Elk Grove 95758 65.6 5.9 months
Elk Grove 95757 44.4 8.0 months
Elverta 95626 4.1 10.0 months
Fair Oaks 95628 28.6 7.2 months
Folsom & Vicinity 95630 59.3 4.9 months
Galt 95632 25.4 9.2 months
Herald 95638 0.3 42.0 months
Hood 95639 0.2 6.0 months
Isleton 95641 0.3 66.0 months
Mather 95655 4.1 7.3 months
North Highlands& Vicinity 95660 27.4 7.5 months
North Sacramento Natomas Del Paso Heights 95833 26.7 11.1 months
North Sacramento Natomas Del Paso Heights 95838 27.5 14.5 months
North Sacramento Natomas Del Paso Heights 95835 49.6 6.9 months
North Sacramento Natomas Del Paso Heights 95834 24.8 7.1 months
Orangevale 95662 22.3 5.9 months
Ranch Cordova Gold River 95670 36.8 7.1 months
Rancho Cordova 95742 15.7 7.1 months
Rancho Murieta 95683 6.3 22.1 months
Rio Linda 95673 11.0 12.9 months
Sacramento Antelope 95843 51.3 5.8 months
Sacramento Arden Arcade Creek Vicinity 95821 17.7 6.2 months
Sacramento Arden Arcade Creek Vicinity 95864 16.6 8.6 months
Sacramento Arden Arcade Creek Vicinity 95841 11.2 8.6 months
Sacramento Arden Arcade Creek Vicinity 95825 17.2 6.9 months
Sacramento Arden-Arcade Creek Vicinity 95815 16.5 11.5 months
Sacramento Downtown Midtown 95816 9.5 6.2 months
Sacramento Downtown Midtown 95814 4.3 12.2 months
Sacramento Elder Creek Fruitridge 95820 26.8 11.3 months
Sacramento Elder Creek Fruitridge 95824 15.9 12.6 months
Sacramento Florin & Vicinity 95830 0.5 18.0 months
Sacramento Florin & Vicinity 95829 19.8 10.3 months
Sacramento Florin & Vicinity 95828 41.3 10.6 months
Sacramento Foothill Farms 95842 28.1 7.1 months
Sacramento Franklin Freeport Vicinity 95823 43.8 15.0 months
Sacramento Franklin Freeport Vicinity 95832 10.6 11.7 months
Sacramento International Airport & Vicinity 95837 0.2 42.0 months
Sacramento Land Park Curtis Park 95818 19.3 3.8 months
Sacramento Rosemont College Greens Mayhew 95827 10.6 9.9 months
Sacramento Rosemont College Greens Mayhew 95826 23.9 5.7 months
Sacramento So Land Park Greenhaven 95831 22.5 4.4 months
Sacramento South Land Park Greenhaven 95822 27.7 10.3 months
Walnut Grove 95690 0.8 20.4 months
Wilton 95693 4.3 21.0 months


Placer County

Area Name Zip Code Average Sales
Per Month
Inventory
Alta 95701 1.3 12.0 months
Applegate 95703 1.1 11.1 months
Auburn 95603 18.2 9.9 months
Auburn 95602 6.3 14.7 months
Colfax 95713 5.7 14.6 months
Dutch Flat 95714 0.3 18.0 months
Emigrant Gap 95715 0.1 36.0 months
Foresthill 95631 4.5 12.9 months
Gold Run 95717 0.1 12.0 months
Granite Bay 95746 17.1 12.4 months
Lincoln 95648 63.8 8.3 months
Loomis 95650 9.6 12.1 months
Meadow Vista 95722 3.3 16.3 months
Newcastle 95658 3.5 10.6 months
Penryn 95663 1.7 10.2 months
Rocklin 95765 34.2 6.0 months
Rocklin 95677 19.7 7.7 months
Roseville 95678 38.0 6.1 months
Roseville 95747 60.3 5.7 months
Roseville 95661 20.6 7.4 months
Sheridan 95681 1.0 16.0 months
Tahoe Vista 96148 0.1 12.0 months
Weimar 95736 0.4 7.2 months


El Dorado County

Area Name Zip Code Average Sales
Per Month
Inventory
Camino 95709 3.4 13.8 months
Cool 95614 3.8 15.4 months
Diamond Springs 95619 2.3 13.3 months
El Dorado 95623 2.0 18.0 months
El Dorado Hills 95762 42.4 9.9 months
Fiddletown 95629 0.1 24.0 months
Garden Valley 95633 2.8 13.1 months
Georgetown 95634 2.8 13.8 months
Greenwood 95635 0.6 18.9 months
Grizzly Flats 95636 2.3 20.1 months
Kyburz 95720 0.3 21.0 months
Lotus 95651 0.2 42.0 months
Mount Aukum 95656 0.3 21.0 months
Pilot Hill 95664 0.7 25.5 months
Placerville 95667 21.5 15.8 months
Pollock Pines 95726 11.4 11.2 months
Rescue 95672 3.0 14.7 months
Shingle Springs / Cameron Park 95682 22.2 10.6 months
Somerset / Fair Play 95684 2.5 25.2 months
South Lake Tahoe 96150 0.6 22.3 months
Twin Bridges 95735 1.5 2.0 months