Region’s home inventory up, but not for these buyers

Some home-for-sale inventory gains were seen throughout the greater Sacramento region in April, but the number of available entry-level homes continues to lag, according to new figures reported by Lyon Real Estate.

Lyon said there were 3,175 active and available homes for sale at the end of last month, the highest standing inventory level in the region since November. The region includes Sacramento, Placer, El Dorado and Yolo counties.

Availability of entry-level housing, however, remains sparse, with only 1,101 properties available priced less than $400,000 at April’s end. Lyon said that represented less than one month of inventory.

Buyer demand remains strong, which has pushed prices upward.

 

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This story was originally published May 17, 2017 at 12:11 PM with the headline "Region’s home inventory up, but not for these buyers."