FEBRUARY 2024 NEWSLETTER

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Happy early Valentine's Day. Welcome to my February 2024 newsletter filled with the latest residential real estate single-family home trend in the Greater Sacramento Region including graphs & a summary, three seasonal articles, loan options for beginners, the "Eye Candy" of the month, and various event calendars in major US & Canadian cities.

Warmly,

Mercedeh Sheik

" Love has nothing to do with what you are expecting to get - only with what you are expecting to give - which is everything. " Katharine Hepburn

Market Updates

Greater Sacramento Region

Market Type:

Seller's Market

Homes for Sale:

1,770 units.

Down 10.2% from last month.

Down 17.3% from last year.

Homes Closed:

989 units.

Down 15.3% from last month.

Up 9.4% from last year.

Homes Placed under Contract:

1,397 units.

Up 35.5% from last month.

Up 14.4% from last year.

Average Sold Price per Square Footage:

$323.

Down 1.5% from last month.

Up 4.5% from last year.

Continuous Days on Market:

44 days.

Up 35.5% from last month.

Down 14.4% from last year.

Sold/Original List Price Ratio:

97%.

Up 1% from last month.

Up 3.2% from last year.

Average For Sale Price:

$901,000.

Up 2.4% from last month.

Up 11.1% from last year.

Average Sold Price:

$619,000.

Down 3% from last month.

Up 4.6% from last year.

Months of Inventory Based on Closed Sales:

1.8 months.

Down 5.9% from last month.

Down 25.3% from last year.

Placer, Sacramento, El Dorado Counties

Combined Tri-Counties Single-Family Home Stats

Number of Homes For Sale/Sold/Pending

Average Price Per SQFT (SOLD)

Average Closed Days on Market & SOLD Price vs. LIST Price

Average Price For Sale & Sold

Months of Inventory Based on Closed Sales

Buyer's Market: More than 6 months of inventory based on closed sales.

Seller's Market: Less than 3 months of inventory based on closed sales.

Neutral Market: 3 - 6 months of inventory based on closed sales.

Get Local & Go Seasonal

Travel | Food | Entertainment

Top pairings

WINE AND CHEESE PAIRING FOR BEGINNERS

With Valentine's Day in 24-hours - It's a good idea to spend quality time at home with a fantastic bottle of wine and pair it with the perfect cheese!

Eat Seasonally

GUIDE FOR EVERY STATE AND ALL 4 SEASON

This comprehensive national database of seasonal food available in the US! Seasonal food is fresher, tastier and more nutritious than food consumed out of season. Find out more...

The Finest Chocolate BRANDS FROM AROUND THE WORLD

Whether you are a Wonka fan, a Valentine’s Day romantic or a chocolate connoisseur, these are the chocolate brands you should add to your tasting list. including a local from Flying Noir of Mendocino, California

Loan options for first-home buyers

The first sign of a sustainable fall in mortgage costs will likely inspire thousands of young Americans to jump into the property market for the first time.

But making your first purchase is not just about finding the ideal property; there is lots to think about.

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