Top Large Teams in Sacramento, California – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    3Luxecomm GroupHomeSmart ICARE Realty – SacramentoSacramento, CA$91,405,535View Profile
    6James Becker TeameXp RealtySacramento, CA$53,320,776View Profile

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    2023 Sacramento, California Housing Market Summary

    Sacramento, California started 2023 with a total of 630 single-family homes on the market, with a median home price of $499,000 and an average price per square foot of $355. By the end of the year, inventory had decreased to 415 homes on the market (-34%), with a median home price of $509,950 (+2%) and an average price per square foot of $368 (+3%).

    At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 49 days.

    Sacramento started the year with 48% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 35% of Sacramento homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Sacramento started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had rose to 57 – a strong seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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