Sacramento County Real Estate Market Update - December 2023

Sacramento

Sacramento County Real Estate Market Update - December 2023

As we welcome the new year and look forward to what 2024 brings, let's take a step back and review the real estate market trends in Sacramento County for December 2023.

New Listings

The month saw a total of 28 new listings in Sacramento County. This number reflects the steady influx of properties onto the market, offering potential buyers a variety of options to consider in their home search.

Active Listings

In terms of active listings, the number stood at 62 in December 2023. These figures indicate the availability of a diverse range of homes to suit different buyer preferences and budgets in this vibrant county.

Pending and Closed Sales

The pending sales for December 2023 were 33, demonstrating a healthy interest from buyers. The closed sales, on the other hand, reached a total of 31. These figures highlight the active nature of the Sacramento County real estate market, with a good number of properties changing hands during the month.

Closed Transaction Volume

The closed transaction volume for December 2023 amounted to $30,987,800. This substantial figure underscores the significant value of the properties being transacted in the county, making it an attractive market for both homeowners and investors.

Average Days on Market

Properties in Sacramento County spent an average of 31 days on the market in December 2023. This relatively short timeframe indicates that homes are selling reasonably quickly, reflecting high demand and a dynamic market environment.

Median Sales Price

The median sales price for December 2023 was $469,900. This figure provides a useful benchmark for potential buyers and sellers, indicating the middle point of property prices within the county. With half of the properties selling above this price and half below, this suggests a balanced market, catering to a wide range of budgetary requirements.

In conclusion, Sacramento County's real estate market ended 2023 on a strong note, with a healthy level of activity and substantial transaction volume. The balanced median sales price and the relatively short average days on the market indicate a dynamic and attractive market for both buyers and sellers.

Please remember that these statistics are based on the data available at the time of writing this blog and may be subject to change. For more accurate and up-to-date information, it is always recommended to consult with a local real estate professional.


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