Sacramento real estate trends 2017
We can talk about low inventory until the cows come home in Sacramento, but the biggest news in the Sacramento housing market report is that prices are slowly creeping up. You can clearly see this reflected in the average price per square foot above. What you don’t see is January 2017 average price per square foot, which is $203. Why is this relevant?
It’s important because we rarely see a price jump in January, usually it is the opposite, and January starts off a little bit slower. Our inventory is relatively the same in December as it was a year ago in December, standing at 1.1 months of inventory. This low inventory is so low if you were trying to dance the limbo under that bar, you would fall flat on the floor and likely break your back.