Here's a market report to help you follow the housing market around Sacramento. The graphs reflect data from $500k to $1.25M single family homes in four counties: Yolo, El Dorado, Sacramento, and Placer.
The first graph displays three key metrics in real estate over a timeline: the number of homes listed for sale, the number of homes sold, and the number of homes that have sales pending. We can see an overall trend of increasing inventory, a slight decrease in sales, and a relatively steady line of pending sales, suggesting a consistent rate of homes moving towards sale completion.

The second graph presents the average Cumulative Days on Market (CDOM) for homes, alongside the Selling Price vs. Original Listing Price (SP/Orig LP %) over time. The blue bars indicate that homes are starting to sell slightly slower as time progresses. The red line indicates that homes are selling slightly below their original listing prices.

The two graphs combined give us a clear picture of recent real estate market trends. More homes are coming onto the market, as indicated by the increase in 'For Sale' inventory. Sales have seen ups and downs, but the number of homes pending sale has recently remained fairly constant, suggesting that we have a consistent number of buyers finding homes. On average, homes are selling a little slower than before. And the selling prices have been close to the listing prices, which indicates a stable and competitive market where pricing strategies are key.
The takeaway? If you're selling, it's crucial to adapt to the market's new dynamics to achieve your goals. Multiple offers over asking are no longer the standard, but good selling prices are still happening.



