(PRWEB) July 30, 2012
A recent Homes.org real estate report details the latest activity and trends in the Sacramento real estate market. The report includes information on the most recent June 2012 home sales and comparisons to June 2012 May figures and June 2011 sales figures in Sacramento. The analysis of this data gives buyers and sellers a better understanding of the overall health and trends happening in the Sacramento real estate market.
Below are some of the key findings for the Sacramento area:
- Total closed home sales in June 2012 were 1,733, down from 1,816 sales in May of 2012 and just below the 1,734 sales in June 2011.
- The median sales price for single-family homes was up 0.9% compared to May of this year and up 3.2% from June 2011.
- There were 1,398 published listings in the month of June, which is down 4.1% from May 2012 and down 41.5% from June 2011.
Inventory is certainly affecting the number of sales in Sacramento. In May and June the months supply of inventory was down to just 0.8 months, and many listings aren’t staying on the market more than a month. The area has had a lot of buyer interest in the last few months, particularly from cash buyers, which accounted for 33.4% of the closed escrows in June.
Affordability is a big factor in the Sacramento area, which saw prices drop significantly during the economic downturn. However, prices have stabilized and are even beginning to inch back upward month-over-month and year-over-year.
Sacramento Real Estate Market Latest Information and Statistics
Zip Codes in the City: 94203-94209, 94211, 94229, 94230, 94232-94237, 94239, 94240, 94243-94250, 94252-94254, 94256-94259, 94261-94263, 94267-94269, 94271, 94273, 94274, 94277-94280, 94282-94291, 94293-94299, 95812-95842, 95851-95853, 95857, 95860, 95864-95867, 95873, 95887, 95894, 95899
Population (Metro): 2,500,000
Total Households (2006-2010): 173,938
Median Value Owner Occupied Housing (2006-2010): $311,900
June 2012 Total Home Sales in the Sacramento area: 1,733
June 2012 Median Sale Price in the Sacramento area: $170,229
June 2012 Average Sale Price in the Sacramento area: $198,743
Renters vs. Owners (2006-2010): 49.4% vs. 50.6%
Type of Home:
82% Single Family
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.