The Sacramento real estate market continues to be a strong seller's market in January 2025, with low inventory and high demand. While homes are taking slightly longer to sell, prices are still on the rise.
Key Market Trends
- Low Inventory: The months of inventory remain very low at 1.35, indicating a strong seller's market. This is a significant decrease of 14.21% compared to last month (MoM).
- Strong List to Sold Price Ratio: Homes are selling very close to their listing price, with a list to sold price percentage of 99.4%. This slight dip of 0.3% MoM suggests the market might be stabilizing slightly in terms of pricing.
- Increased Days on Market: The median days on market have increased significantly by 43.48% MoM, now sitting at 33 days. While still relatively quick, this suggests homes are taking a bit longer to sell compared to the previous month.
- Rising Median Sold Price: Despite the increase in days on market, the median sold price has risen to $532,500, a 2.42% increase MoM. This indicates that prices are still climbing in the Sacramento market.
In summary: Sacramento continues to experience a strong seller's market characterized by low inventory and high demand. While homes are taking slightly longer to sell, prices are still on the rise.
Considering buying or selling in this market? Let's schedule a call to discuss your specific goals and how these trends may impact your real estate plans.