Discover what's trending with this Sacramento County Housing Market for December 2021. This report is provided to you by Team Lund Real Estate. We're happy to be your go-to source for how many listings are hitting the market, how long houses are staying on the market before selling, and what the median home values were in Sacramento last month!
Sacramento County Housing Market Trends December 2021
December 2021 is a Seller's market! The number of for-sale listings was down 0.3% from one year earlier and down 28.1% from the previous month. The number of sold listings decreased 14.6% year over year and decreased 8.1% month over month. The number of under-contract listings was down 23% compared to the previous month and down 2.4% compared to the previous year. The Months of Inventory based on Closed Sales is 0.5, up 25.1% from the previous year.
Homes For Sale in Dec 2021
The total number of properties available this month is lower by 2 units by .3%. This year's smaller inventory means that buyers who waited to buy may have a smaller selection to choose from. The number of current inventory is down 28.1% compared to the previous month
A comparatively lower Month of Inventory is more beneficial for sellers while a higher month of inventory is better for buyers.
Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Homes Closed in Dec 2021
The December 2021 Months of Inventory based on Closed Sales of 0.5 was increased by 25.1% compared to last year and down 16.8% compared to last month. December 2021 is Seller's market.
Homes Placed under Contract in Dec 2021
The December 2021 Months of Inventory based on Pended Sales of 0.6 was the same compared to last year and the same compared to last month. December 2021 is Seller's market.
The Days on Market Shows Upward Trend for December 2021
The Average For Sale Price is Appreciating
The Average For Sale Price in December was $761,000, up 5.3% from $723,000 in December of 2020 and up 3.3% from $737,000 last month.
The Average Sold Price is Neutral
The Average Sold Price in December was $569,000, up 15.4% from $493,000 in December of 2020 and up 1.4% from $561,000 last month.
The Median Sold Price is Appreciating
The Median Sold Price in December was $515,000, up 15.7% from $445,000 in December of 2020 and the same as last month.
What does all of this mean for you?
At Team Lund, we understand that buying or selling your home can be one of the biggest decisions you make. We want to provide you with the best, most relevant information to assist you in your journey.
Reach out to us with any questions and we will guide you through every step and help you sell or buy a home that meets your needs while being competitive in today’s market. If you want trends for Placer County or El Dorado County or your specific zipcode or city, we'd be happy to send them to you. Just let us know!