Davis prices slid while its neighbors’ sales pace surged this summer
Davis posted the region's steepest year-over-year price drop even as buyers turned out in force across all four cities, with West Sacramento sales climbing nearly 37%.
Davis posted the region's steepest year-over-year price drop even as buyers turned out in force across all four cities, with West Sacramento sales climbing nearly 37%.
The city council moved forward on affordable homes at Sierra Vista and near downtown, accepted a federal housing spending report, and set up nearly 900 new lots in north Roseville.
The Sacramento Housing and Redevelopment Agency has published a draft of its yearly financial report, offering residents a look at how the region's main affordable-housing agency manages its money.
County supervisors weighed support for a permanent housing program for young people, a HUD-funded library project in Orcutt, and a land donation near Lompoc, alongside oil-and-gas zoning changes.
The region's priciest submarkets posted the steepest price cuts even as sales volume climbed across nearly every city, splitting the market between falling prices and rising demand.
Homes in the Sacramento suburb spent 27 days on the market this summer, up from 23 a year earlier, even as prices climbed nearly 8% year-over-year.
The median sale price fell 2.5% year-over-year in the three months ending August, but the price per square foot barely budged, pointing to a shift toward smaller homes.
Active listings fell more than 13% from a year ago, leaving fewer homes on the market even as sales picked up and prices eased.
Active listings fell nearly 14% from a year ago, leaving Woodland with just 1.5 months of supply and pushing homes to sell faster than they did last summer.
The small foothill market posted a 22% year-over-year gain in its median sale price, though a thin pool of just six sales means single transactions carry outsized weight.