Sacramento RE Investors Exit as Price Cuts Spread
Changing Market Dynamics in Sacramento In Sacramento's real estate market, a significant transformation is underway. Inventory levels are soaring rapidly. For-sale listings jumped by 12.9% from January to February 2025. There has been an astounding 61.6% rise year-over-year. This surge is part of a larger trend seen in major cities like Phoenix, Denver, and Austin, where inventory levels have similarly spiked. This shift highlights notable inventory trends. A 15.9% monthly increase in months of inventory contrasts with a 4.5% decrease in sold listings month-over-month. Price stabilization is emerging. Sacramento experiences a 1.3% average sold price decrease from January to February 2025. Despite minor fluctuations, sale prices hold steady , with some list price adjustments. Seller leverage weakens amidst fewer multiple offer scenarios. Offers are closing near or below asking prices. Zillow’s Home Price Index signals a downturn. Buyers are purchasing cautiously. These developments...