According to the California Association of Realtors®, in August 2023, the median sold price for existing single-family homes in Sacramento County was $535,000. Compared to July 2023, this indicates a decrease of 2.2%. However, when compared to August 2022, the prices have remained relatively steady, showing a marginal year-over-year change of 0.0%.
Regarding sales, there was a notable month-to-month change with a 7.7% increase. However, year-over-year, sales have witnessed a significant decrease of 19.1%, reflecting the dynamic nature of the real estate market.
In the broader Central Valley region, the median sold price for existing single-family homes in August 2023 was $485,000. This reflects a month-to-month decrease of 0.8%, and a more significant year-over-year increase of 3.2% compared to August 2022.
Regarding sales in the Central Valley, there was a month-to-month change of 4.0%, illustrating a positive trend. However, similar to Sacramento County, there was a substantial year-over-year decrease of 19.0% in sales.