Sacramento Real Estate Views

Sacramento Region Homes for Sale – April

Inventory Increases

The total number of homes for sale in the Sacramento region including El Dorado and Placer counties increased 3.5% in April over March.  This spike in homes for sale is normal for the time of year when more homes typically come on the market.  If history tells us anything, the total number of homes for sale should increase or hold steady over the next few months.

The number of homes for sale in Placer County increased 8.9% in April over March.  While a more significant increase, this is normal for the time of year.  Call it a “seasonal” increase.  Additionally, loans at the higher price points have been a bit more difficult to obtain thus it’s taking a little longer to get those homes sold than it used to.

This increase breaks the 3 month decline in the number of homes for sale in Sacramento County.  Depending on what the banks do with the “shadow inventory” (homes available for sale but not on the market) inventory levels may stay reasonably stable.

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