In September, home prices rose slightly from the month before, with a median listing price of $487,000.
The number of listings on the market shrank 3.1% from last month, which is a bigger decrease than normal for this time of the year in Sacramento, and homes are also selling slower than at the same time last year.
Home prices in Sacramento
Typically, home price per square foot in Sacramento tend to rise in September. But the most recent data shows that the price per square foot remained practically unchanged compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the City of Trees are smaller the national market.
Sacramento inventory
In September, there were 1,201 homes for sale in Sacramento, which was 3.1% less than the month before and 19.9% more than the same time last year…