We're excited to take a look at Real Estate Trends for the month of February 2021! We are thrilled to be your go-to source for how many listings are hitting the market, how long houses are staying on the market before selling, and what the median home values were in Sacramento last month! Discover what's trending with this Sacramento County Housing Market for February 2021.
Sacramento County Housing Market Trends February 2021
February 2021 was a Seller's market! The number of for-sale listings was down 57.2% from one year earlier and down 1.1% from the previous month. The number of sold listings decreased 2% year over year and decreased 6.4% month over month. The number of under contract listings was up 14% compared to the previous month and up 6.5% compared to the previous year.
Homes For Sale in February 2021
The total number of properties available this month is 2707 down 2% from last year. The number of current inventory is down 1.1% compared to the previous month. This smaller inventory means that buyers who waited to buy may have a smaller selection to choose from.
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Homes Closed in February 2021
• The same compared to last month
• Down 57.5% compared to last year
Homes Placed under Contract in February 2021
• Down 13.8% compared to last month.
• Down 63.7% compared to last year
Homes For Sale in February 2021
The Average For Sale Price in February was $822,000 up 34.5% from $611,000
in February of 2020 and up 1.1% from $813,000 last month.
The Average Sold Price In February Is Appreciating
The Average Sold Price in February was $535,000, up 21.6% from $440,000 in February of 2020 and down 4.5% from $512,000 last month
The Median Sold Price in February Is Appreciating
The Median Sold Price in January was $470,000, up 17.8% from $399,000 in February of 2020 and up 4.4% from $450,000 last month.
What does all of this mean for you?
At Team Lund, we understand that buying or selling your home can be one of the biggest decisions you make. We want to provide you with the best, most relevant information to assist you in your journey. Reach out to us with any questions and we will guide you through every step and help you sell or buy a home that meets your needs while being competitive in today’s market. If you want trends for Placer County or El Dorado County or your specific zipcode or city, we'd be happy to send them to you. Just let us know!