Sacramento County Listing and Sales Statistics for February 2020

By
Real Estate Agent with GreatWest Realty DRE# 00827565

Sacramento County experienced a -41.3% decrease in number of homes listed FOR SALE in February 2020 vs. the same month a year ago.  For the same period there was a -5.9% decrease in the percentage of homes SOLD.  Pending sales increased 14%.  
 
Interest rates continue to remain reasonably low. It's a GREAT time to buy for those who are finding suitable homes!

 

http://www.myrljeffcoat.com

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Topic:
Real Estate Market Trends
Location:
California Sacramento County
Groups:
Market Updates
Market Reports
Real Estate Trends
Feather Nesters
2020 Market Reports
Tags:
sacramento county home listing and sales statistics

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Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Myrl... I would venture a guess that the increase in pending sales to some degree stemmed from the low interest rates.

Mar 18, 2020 12:07 PM #1
Rainmaker
4,742,431
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Myrl Jeffcoat I always enjoy your brevity in your marketing reports.  And I get the message about the stats easily.  Happy Wednesday!  A

Mar 18, 2020 12:55 PM #2
Ambassador
3,940,253
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Myrl that is a significant decrease in inventory, hopefully it picks up next month.

Mar 18, 2020 12:58 PM #3
Rainmaker
5,687,229
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate statistics.

Mar 19, 2020 06:28 AM #4
Rainmaker
849,892
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

The decrease is a normal it seems for this uncharted territory in time.  We will make it through this though because we are strong determined Realtors!  Hope you have a blessed day.

Mar 19, 2020 07:04 AM #5
Rainmaker
2,802,261
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Wow, that is indeed a significant decrease, hopefully, all will build back up to normal levels in your area sooner rather than later.

Mar 19, 2020 09:53 AM #6
Ambassador
1,703,525
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It is a strange market in the US that doesn't necessarily follow what we think are the rules.

Mar 19, 2020 12:00 PM #7
Rainmaker
828,059
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Myrl Jeffcoat,  your February 2020 market report shows a considerable drop in Inventory for Sacramento County since the February 2019 report.  Yet, Pendings and Solds seem to be holding their own.  What do you feel is main reason 

Mar 19, 2020 11:35 PM #8
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Rainmaker
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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