How was the Real Estate Market July 2023?

Dated: August 4 2023

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July 2023 Market Update

Looking to stay informed about the Sacramento real estate market? Here's a quick rundown to keep you in the loop.

These stats are from July 2023

  • 5.6% increase in homes for sale
  • 9.4% decrease in homes sold
  • 19 average days on Market 
  • $5 decrease on average sold price per sqft 

For Sellers, in the Sacramento real estate market continue to observe a steady increase in home sales. For Buyers, the existing conditions present a formidable obstacle, as the inventory of available homes remains relatively scarce, leading to a restricted selection of options to explore.

Take a look at the diagram above: 

  • Light green bar shows homes for sale
  • Dark green bar shows homes sold

If you have any further inquiries regarding the market or if you are interested in buying or selling a home, feel free to reach out to Stephan at (916) 410-1110. He will be more than happy to assist you.

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Stephan Skots

Stephen Skots has made it his mission to provide quality real estate service for the past 17 years. He specializes in purchasing and selling both residential and commercial properties. His experience ....

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