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Sacramento Regional Sales & Listing Statistics
(Sacramento, Placer, and El Dorado Counties Combined)
(Information obtained from Sacramento Regional Multiple Listing Service 02/04/05)
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 |
|
| 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 |
|
| 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 January Sales (Listed Above) and Active Listings as of January 31, 2005. Prices reflect asking prices and not necessarily selling prices.
| Price |
Sales |
Listings |
| $249,999 & Below |
234 Units |
329 Units |
| $250,000-$399,999 |
945 Units |
1,343 Units |
| $400,000-$599,999 |
453 Units |
1,151 Units |
| $600,000-$799,999 |
104 Units |
420 Units |
| $800,000-$999,999 |
28 Units |
151 Units |
| $1,000,000-1,299,999 |
12 Units |
105 Units |
| $1,300,000 & Above |
15 Units |
152 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 January 2005 listings increased by 440 units from a year ago (January 2004), but the sales in the same time frame also increased by 285 units, indicating many 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 1,179 sales for the 1,672 total listings, indicating that price range has approximately 40 days of inventory.
The $400,000-$599,999 price range had 453 sales for the 1,151 total listings, indicating that price range has approximately 75 days of inventory.
The $600,000-$799,999 price range had 104 sales for the 420 total listings, indicating that price range has approximately 4 months of inventory.
The $800,000-$999,999 price range had 28 sales for the 151 total listings, indicating that price range has approximately 5.5 months of inventory.
The over $1,000,000 price range had 27 sales for the 257 total listings, indicating that price range has approximately 9.5 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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