"Only 706 homes were newly listed in April, a sharp 12.8% drop from the same month last year, even as national new listings rose 1.1%. Active inventory edged up to 999 homes - a modest 2.5% gain - but that lagged the national increase of 4.6%."
"The median listing price came in at $502,450 in April, up a slim 0.6% year over year, while the national median actually fell 1.4%. Fewer homes needed price cuts compared to last year - 16.8% carried reductions, down 2.2 points from April 2023."
"Sacramento homes are selling well ahead of the national pace - the typical home spent 36 days on the market in April, a full 16 days faster than the national median of 52 days."
Sacramento offers affordable living with character, attracting first-time buyers and remote workers. In April, new listings dropped 12.8% year over year, while active inventory increased slightly. The median listing price remained stable at $502,450, contrasting with a national price decline. Homes sold faster than the national average, spending only 36 days on the market. The market is competitive, with fewer homes available and lowball offers becoming less effective.
Read at SFGATE
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