Sacramento Real Estate Blog

The number of homes that have sold in Sacramento County through August 19th have already beaten 2007’s year-end numbers.  According to our MLS data, year wide home sales in Sacramento County in 2007 totaled 10,698 units.  As of August 19th, 2008, we’ve already sold 11,132 units, and we still have more than a quarter to go.

Looking at it on a month by month basis, sales volume was up from the previous year in each month of 2008 so far except January (which was down .4%).  The increase was modest in February at 1.6% over the previous February, but grew to a high of 134.3% in May, when 1,879 units sold compared to only 802 in May of 2007.  The average increase in each month over the same month the same year is 57.3%.

So far as of August 19th we have 864 units reported sold this month, beating the month end figure we have for last August of 846 units.  By the end of the month we are likely to see at least a 50% increase over last year’s numbers, especially since it generally takes several days for all sales to be recorded.

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