Sacramento County Real Estate Market Update - February 2024


Sacramento County Real Estate Market Update - February 2024

Sacramento County Real Estate Market Update - February 2024

As 2024 unfolds, it's time to delve into the real estate market trends in Sacramento County for February. Known for its affordable housing options and promising investment opportunities, Sacramento County offers a vibrant and diverse real estate landscape.

New Listings

February 2024 saw a total of 51 new listings in Sacramento County. This figure indicates a steady stream of sellers entering the market and presents potential buyers with fresh options, spanning from cozy single-family homes to multi-unit investment properties.

Active Listings

The active listings for the month stood at 61. Although this number might seem small compared to larger markets, it signifies a balanced inventory level for Sacramento County, offering a range of choices for those looking to invest or find their dream home in this region.

Pending and Closed Sales

Pending sales for February were recorded at 36, demonstrating a healthy demand for properties in the county. Furthermore, the number of closed sales was slightly lower, totaling 31. These figures underscore the steady pace of the Sacramento County real estate market, with a notable volume of transactions being completed.

Closed Transaction Volume

The closed transaction volume for the month was $30,323,276. This figure, while modest in comparison to larger markets, underscores the significant value being exchanged in the Sacramento County real estate market, reflecting a steady level of investment activity in the area.

Average Days on Market

The average number of days properties spent on the market in February was 25. This relatively short period suggests that properties are selling quickly, indicative of a seller's market where demand is high and supply is limited.

Median Sales Price

Lastly, the median sales price for February 2024 was $460,000. This price point indicates a market with a mix of both affordable and higher-priced properties. It serves as a useful indicator for potential buyers and sellers to understand the overall market conditions.

In conclusion, Sacramento County's real estate market maintained solid performance in February 2024 across all key indicators. With a steady number of new and active listings, robust sales activity, significant transaction volume, and a balanced median sales price, it continues to prove itself as a dynamic and attractive real estate market.

Please note that these statistics are based on the data available at the time of writing this blog and could 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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