Region’s housing market gains momentum; inventory still lags

Despite limited inventory, the greater Sacramento region’s residential real estate market picked up steam in March, according to the latest report by Lyon Real Estate.

Lyon said 2,064 homes closed escrow in the four-county region last month, up 32 percent from February but 10 percent short of March 2016. The report said 2,887 new listings hit the area market last month, up nearly 50 percent from February and a gain of 13 percent from March a year ago.

The report includes activity in Sacramento, Placer, El Dorado and Yolo counties. Lyon’s report is based on data from the Sacramento real estate tracking firm Trendgraphix Inc.

 

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This story was originally published April 20, 2017 at 11:09 AM with the headline "Region’s housing market gains momentum; inventory still lags."