📊 Sacramento Housing Market – July 2025 Snapshot
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4,723 active listings in Greater Sacramento (37% higher than last year).
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Marks 2nd consecutive annual rise in inventory, easing supply pressures.
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2.5 months supply overall – balanced market for buyers & sellers.
🏡 Sales Activity
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1,701 homes closed escrow in July → up 5% from June, down 4% from last year.
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Pending sales (new escrows) → up 7% from June and 4% year-over-year.
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Signals steady buyer activity despite higher mortgage rates & insurance costs.
💰 Prices & Value
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Average sales price July: $705,000 (slight increase from $704,000 in June).
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3-month avg: $700,000 → up nearly 2% from last year.
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Median price (3 months): $607,000 → almost unchanged from last year.
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Sellers received 97% of list price on average.
⏳ Market Dynamics
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Average Days on Market (DOM): 40 days (slightly higher than last year).
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Entry-level homes (<$500k): ~2.0 months supply (tightest inventory).
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Luxury homes ($1M+): ~3.5–4.0 months supply (most inventory).
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Multiple offers less common, but well-priced, show-ready homes still sell quickly.
📈 Outlook
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Market expected to remain steady through summer into fall.
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Mortgage rates beginning to soften, supporting demand.
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Sellers should be prepared to negotiate price and offer buyer incentives.
