• Sacramento Housing in July: Sales Down 2.2% YoY, Active Inventory up 20% YoY

    5 days ago - By Calculated Risk

    From SacRealtor.org: Sales, median sales price drop, inventory creeps upward
    July closed with 1,598 sales, a 9.6% decrease from the 1,767 sales of June. Compared to July last year , the figure is a 2.2% decrease. Of the 1,598 sales this month, 214 used cash financing, 975 used conventional, 291 used FHA, 81 used VA and 37 used Other types of financing.
    Active Listing Inventory increased 8.1% from 2,660 to 2,875 units [inventory is up 20.0% YoY from 2,395 in July 2017]. The Months of Inventory increased from 1.5 to 1.8 Months. This figure represents the amount of time it would take for the...
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