Past Market Updates
The Sacramento housing market showed a significant shift towards a seller's market in April 2024. Here's a detailed look at the trends and what they mean for buyers and sellers in the region.
Increased Property Sales
Rising Inventory Levels
Higher Pended Properties
Price Per Square Foot
Reduced Days on Market
Price Trends
For buyers, the increase in inventory provides more choices, but the rapid sales and rising prices indicate a competitive market. Acting quickly and making strong offers is crucial.
For sellers, the reduced days on market and higher selling prices present an excellent opportunity to sell properties swiftly and at favorable prices.
April 2024's housing statistics illustrate a robust and competitive market in Sacramento, favoring sellers. However, increased inventory offers some relief for buyers, though they must navigate the competitive landscape carefully.
Content and statistics sourced from the Sacramento Association of REALTORS®. For more detailed information, please visit the Sacramento Association of REALTORS® April 2024 Housing Statistics.
Image courtesy of the Sacramento Association of REALTORS®.
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