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:
2020 Market Reports
Feather Nesters
Market Reports
Market Updates
Real Estate Trends
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sacramento county home listing and sales statistics

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Rainmaker
3,766,827
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
5,219,425
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
4,203,697
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
6,210,842
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
951,085
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
3,257,145
Brian England
Vacasa - 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
Rainmaker
1,707,191
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
898,183
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
Rainmaker
274,100
Bill Carroll
Corcoran Real Estate - Westhampton, NY
IN REAL ESTATE, REPRESENTATION IS EVERYTHING

Thanks for the info Myrl, We are not seeing that much of a decrease in our market but inventory does remain low and I think for the moment that is not a bad thing as the last thing we need now is a glut of inventory. Thanks for sharing

Apr 09, 2020 06:33 AM #9
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