Carmichael and Arden-Arcade buck Sacramento’s price slide as sales pick up
Two cities posted year-over-year price gains while four slipped, and sales activity climbed almost everywhere despite mortgage rates above 6%.
Two cities posted year-over-year price gains while four slipped, and sales activity climbed almost everywhere despite mortgage rates above 6%.
Builders pulled 1,094 residential permits in the Sacramento region, up 14% from a year earlier and outpacing the statewide gain of 9.1%.
Davis homes are moving in under two weeks while Winters listings linger more than a month, and West Sacramento posts the region's biggest annual price gain.
Granite Bay and Rocklin posted year-over-year price gains while Folsom, El Dorado Hills and Orangevale all slid more than 4%, Redfin data shows.
The typical Rocklin rent climbed about 1.2% over the past year, a measured pace roughly in line with the broader Sacramento-area trend.
City leaders dug into how much Sacramento spends on shelter beds and whether the spending is working, while also lining up next year's federal housing funds and a state grant for Meadowview neighborhood upgrades.
The Board of Supervisors confirmed it will continue offering both in-person and remote public participation, while no substantive housing items came before the county this cycle.
Active inventory fell nearly 11% from a year earlier even as sales picked up, leaving Roseville with under two months of supply heading into summer.
Median sale prices rose 4.1% year-over-year in the three months ending May, even as homes lingered slightly longer and per-square-foot prices slipped.
Active listings rose 20% year-over-year through May, easing the squeeze that defined the past two springs even as homes still sell within two weeks.