Sacramento Area July 2018 Real Estate Sales Data
The Sacramento area July 2018 real estate sales data is now available. The data reflects Sacramento, Placer, and El Dorado Counties. Unlike the previous reports, all three counties appear they are tracking in tandem save a couple of indices.
The trend continues to indicate we are in a seller’s market. However, there is a shift occurring, but is it seasonal or something else? Don’t know yet.
Data all three counties have in common.
Sold properties are down in numbers in comparison to last year and last month. When comparing the quarterly movement of this year versus the same time last year the trend appears to be the same as last year which would indicate a seasonal shift.
The number of units available for sale is up a whopping 21.6% in Sacramento County, Placer County 5.9%, and El Dorado County is holding steady with little change. Buyers should have a greater selection of homes to choose from now versus this same period last year.
Though the inventory of available homes has increased the months of inventory indicate a seller’s market. It will remain so as long as the number continues below 3 months of inventory.
Pricing is neutral with no upward movement; the bias is down slightly.
We are seeing a pickup in pricing decreases by sellers from their original list price. Sold price compared to original list price by county is: Sacramento 98%, Placer 97%, and El Dorado remains consistent at 97%.