Home sales in Sacramento region were up last month compared to 2024. Why?
Sacramento County saw more home sales in last month than in September 2024, likely due to mortgage rates decreasing slightly in recent months, according to an appraiser.
Last month 965 homes were sold in Sacramento County, according to MLS sales data, up from 914 in September 2024 for about a 5.6% increase. That figure does not include condos.
Other counties in the Sacramento region also saw increased sales.
Placer County had 435 home sales, up from 344 (26%); El Dorado County had 189 home sales, up from 150 (26%); and Yolo County had 118 home sales, up from 106 (11%)
“We saw more robust sales numbers last month,” said Ryan Lundquist, a Sacramento appraiser and housing market analyst. “I think this speaks to mortgage rates going down a little bit in recent months. Also there was a larger number of pending contracts over the past couple of months that closed in September.”
But Lundquist also was measured in his excitement.
“In a sense the market feels like it’s somewhat stuck,” Lundquist said. “There’s been a little budge with the number of buyers but nothing dramatic ... it doesn’t feel like supply is exploding as it was a few months ago.”
Economic uncertainty such as tariffs, the job market and the ongoing federal government shutdown doesn’t help, Lundquist said.
There continues to be a high number of price reductions in Sacramento, Placer, Yolo and El Dorado counties, Lundquist said.
About 47% of all active listings in those counties has had a price reduction, he said. The average reduction is about $45,000, which is 5.3%.
If that trend continues it could push prices down more substantially, he said.
