Supply of homes for sale finally stops increasing

[Gordon Cuffe]

The number of homes for sale in the three county area around Sacramento finally had a decrease in November 2024. There were 3032 homes for sale in the Sacramento, Placer, El Dorado counties. There were 3399 homes for sale in the month of October 2024. In January 2024 we were at the low in inventory with only 1648 homes for sale. We had nine months straight of increasing inventory. The number of homes for sale declined to 1263 homes sold. Home sales typically decrease during the winter months. We only had 1087 homes sold in Nov. 2023. We just have to hope mortgage rates decline a little bit in 2025 while the supply does not drop so that we can have more home sales in 2025 compared to 2024. The link above has this graph also.