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Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics.
In February, the median price increased to $460,000 compared to $445,000 in January. More importantly, the median is 15.7% higher than it was a year ago.
Currently there is 0.8 month worth of inventory. A “normal” or “balanced market” is considered around 2.5-3 months.
Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.

Clear skies,

Doug Reynolds

Realtor

916-494-8441

   

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