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Sacramento Regional Sales & Listing Statistics
(Sacramento, Placer, and El Dorado Counties Combined)
(Information obtained from Sacramento Regional Multiple Listing Service 03/03/05)
1) Unsold Listing Inventory Levels for 2001-2005:
|
2001 |
2002 |
2003 |
2004 |
2005 |
| January |
3,058 Units |
4,200 Units |
4,157 Units |
3,211 Units |
3,651 Units |
| February |
3,174 Units |
3,956 Units |
4,435 Units |
2,894 Units |
3,663 Units |
| March |
4,120 Units |
3,994 Units |
5,216 Units |
2,852 Units |
|
| April |
4,977 Units |
4,172 Units |
4,344 Units |
3,220 Units |
|
| May |
N/A |
3,658 Units |
4,334 Units |
3,581 Units |
|
| June |
5,915 Units |
3,774 Units |
4,245 Units |
4,297 Units |
|
| July |
6,366 Units |
4,101 Units |
4,503 Units |
4,401 Units |
|
| August |
6,320 Units |
4,561 Units |
4,501 Units |
4,597 Units |
|
| September |
6,234 Units |
4,875 Units |
4,623 Units |
4,823 Units |
|
| October |
N/A |
4,920 Units |
4,215 Units |
4,616 Units |
|
| November |
N/A |
4,427 Units |
3,638 Units |
3,965 Units |
|
| December |
4,349 Units |
3,875 Units |
3,264 Units |
3,449 Units |
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2) Monthly Sales Activity for 2001-2005:
|
2001 |
2002 |
2003 |
2004 |
2005 |
| January |
1,839 Units |
1,623 Units |
2,058 Units |
1,506 Units |
1,791 Units |
| February |
1,787 Units |
1,659 Units |
2,275 Units |
1,616 Units |
1,755 Units |
| March |
1,965 Units |
1,967 Units |
2,206 Units |
2,576 Units |
|
| April |
2,069 Units |
2,044 Units |
2,280 Units |
2,710 Units |
|
| May |
N/A |
2,560 Units |
2,407 Units |
2,664 Units |
|
| June |
1,833 Units |
2,359 Units |
2,229 Units |
3,189 Units |
|
| July |
1,987 Units |
2,682 Units |
2,421 Units |
2,903 Units |
|
| August |
1,889 Units |
2,569 Units |
2,551 Units |
3,028 Units |
|
| September |
1,330 Units |
2,306 Units |
2,472 Units |
2,841 Units |
|
| October |
1,789 Units |
2,436 Units |
2,371 Units |
2,558 Units |
|
| November |
1,652 Units |
2,034 Units |
1,889 Units |
2,248 Units |
|
| December |
1,175 Units |
1,513 Units |
2,220 Units |
2,586 Units |
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3) *Price Range Breakdown of February Sales (Listed Above) and Active Listings as of February 28, 2005. Prices reflect asking prices and not necessarily selling prices.
| Price |
Sales |
Listings |
| $249,999 & Below |
202 Units |
256 Units |
| $250,000-$399,999 |
908 Units |
1,287 Units |
| $400,000-$599,999 |
493 Units |
1,159 Units |
| $600,000-$799,999 |
107 Units |
498 Units |
| $800,000-$999,999 |
22 Units |
181 Units |
| $1,000,000-1,299,999 |
15 Units |
104 Units |
| $1,300,000 & Above |
7 Units |
178 Units |
Commentary
By Ryan Nordby - www.NordbyTeam.com
As the above statistics show, the housing market in Sacramento, Placer and El Dorado Counties combined is still strong. The February 2005 listings increased by 769 units from a year ago (February 2004), and the sales in the same time frame also increased by 139 units, indicating approx. one-fifth of the increased listings have already been sold. The overall listing inventory remains relatively low when compared to the last five years (keep in mind that the population and total housing units have increased from 2001).
The under $399,000 price range had 1,111 sales for the 1,543 total listings, indicating that price range has approximately 40 days of inventory.
The $400,000-$599,999 price range had 493 sales for the 1,159 total listings, indicating that price range has approximately 70 days of inventory.
The $600,000-$799,999 price range had 107 sales for the 498 total listings, indicating that price range has approximately 4.6 months of inventory.
The $800,000-$999,999 price range had 22 sales for the 181 total listings, indicating that price range has approximately 8.2 months of inventory.
The over $1,000,000 price range had 22 sales for the 282 total listings, indicating that price range has approximately 12.8 months of inventory.
The housing market in Sacramento, Placer and El Dorado Counties appears to remain strong at this point in time. If we see the under $399,999 and under $599,999 markets start to approach 3-4 months of listing inventory, the buyers and sellers will start to equal out. Currently, the sellers still have the advantage.
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