Median Home Price in Sacramento County Increases to $370,000 in April 2018

The median home price in Sacramento County climbed last month to $370,000. The median had been relatively flat for the bulk of 2017 and early 2018. There is A LOT of buyer demand right now and not nearly enough homes on the market to satisfy the demand. If my own client activity is any indication of the greater market, my buyers are all in multiple offer scenarios, and my listings are receiving multiple offers. In April there was approximately 1.1 months of inventory -- which is not too different from this time last year.