The unsung tale in the September housing report in Sacramento is the bulk of inventory in the upper end range. Looking at August numbers, in the $800+ range, we had 5 to 7 months of inventory, which is not reflected in this chart. Our September inventory overall, in the chart above, shows 2.4 months of residential homes for sale in the county, which is twice the number from January.
I like to think we could have used that inventory in March when buyers were clamoring for more choices. But it might have turned out the same way anyhow. You can read more in my personal blog today at this link: Sacramento Housing Trends for September 2018: Twice the Homes.
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