Homes in the college town sold in 20 days over the three months ending July, roughly a week quicker than last year, even as the median price slipped.
Home sales in West Sacramento jumped 34% from a year ago, driven by shrinking inventory that has kept the market firmly tilted toward sellers.
The City Council took a first step toward funding public services in a new Villages West neighborhood and signed off on splitting a Main Street property into three home lots.
The headline price slipped more than 4% from a year ago, yet price per square foot climbed nearly 18%, a sign smaller homes are pulling the median down.
Sales jumped by a third from a year ago while homes sold nearly a week and a half faster, tilting the market firmly toward sellers.
The City Council approved a land purchase near Lakeside Church using the city's dedicated housing fund and set in motion a special tax district to build public infrastructure in the growing Folsom Heights neighborhood.
The headline price dropped nearly 17% over the past year, yet buyers paid slightly more per square foot — a sign that smaller homes drove the decline in this thin market.
The city's median sale price rose 2.5% year-over-year while the number of homes sold jumped nearly 20%, tightening an already low-supply market.
The council took up two housing-related items this week — a new parcel map splitting a property at 3849 Y Street and a plan to recover unpaid fees the city racked up dealing with dangerous and blighted buildings.
The city launched the process to create a special financing district for the Villages West development and gave the green light to divide a Main Street property into three home lots.