Placer and Sacramento County Real Estate Market Update

Posted by Phil Boren on Saturday, December 21st, 2019 at 9:04am.

The real estate markets in both Placer and Sacramento Counties have been relatively active in 2019, but sales volume has continued to be impacted by relatively low inventory levels. Based on year-over-year data from The California Association of Realtors for November, 2019, the Placer County real estate market experienced a decline in active inventory of 11.5%, while the Sacramento County real estate market was down 35.3%. Click on the pics below to see the full report on both counties.

Placer County Real Estate Market Stats

Sacramento County Real Estate Market Stats

Looking at the respective stats for Placer and Sacramento Counties over the past year, median home prices have continued to increase in both counties, while respective sales volume has been mixed. Other meaningful stats included the median days on market, the sales-to-list-price ratio, and the percentage of active listings with reduced prices. We continue to see the impact of comparatively-low inventory in all these real-estate-market stats, and these county-wide numbers can vary quite a bit once you drill down to the city level. Contact us and let us know what specific city data you're interested in, and we'll be happy to send it to you.

So, how does the lower inventory affect you? If you're selling your home, potential buyers may not have as many options as they would like, which can result in increased interest in your listing right now, but it can also lead to buyer frustration. If you're trying to buy a home, you'll need to keep the micro-market stats in mind as you look for NorCal homes for sale, and evaluate how the existing inventory fits your specific needs.

If you're looking for a new home or interested in selling, we can help you evaluate the market and make informed decisions about your real-estate goals. Feel free to share this information with anyone who might benefit, and reach out to us by calling Phil Boren at 916-960-8895 and let us know how we can help.

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