Sacramento Home Prices and Sales: June 2024 Report
The Sacramento housing market continues to be a seller's market in June 2024. Here are some of the key points from the update:
- Months of inventory: 1.82 months
- List to sold price ratio: 100.7%
- Median days in RPR: 11 days
- Median sold price: $563,000
Compared to May 2024, the median sold price increased by 1.44%, and the list-to-sold price ratio increased slightly by 0.63%. There was a slight decrease in median days in RPR from 11.63 days in May to 11 days in June. Months of inventory also decreased slightly from 1.88 months in May to 1.82 months in June.
Overall, the Sacramento housing market remains competitive, with homes selling quickly and for close to asking price. If you are thinking about selling your home in Sacramento, now is a good time to do so. However, if you are a buyer, be prepared to act quickly and make an offer that is close to the asking price.
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