Ok...so the September statistics are out. While the actual number of resale single family homes on the market dropped, the closed and pending sales are also down a bit in Sacramento County. Based on the current numbers, there is 15 MONTHS of resale inventory on the market! The chart is pretty compelling! Some areas weight this far more than others. For example, in 95818 (Land Park / Curtis Park), there is 4.4 months of inventory. On the other side of the coin, in 95832 (Meadowview), there is 67.5 (!) months of inventory. FYI a "normal" market with buyer and seller equilibrium has roughly 6 months of inventory. DO NOT OVERPRICE YOUR HOMES!!!
I do have the full market report Trendgraphix/MLS reports, but they are miles long and I can not post them all here. If anyone wishes to have them, I am happy to email you directly...please email a request to me at erin@erinattardi.com.
Source: Trendgraphix, Metrolist MLS
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