Gross sales up 10% YoY, Energetic Stock down 45% YoY

by Calculated Threat on 4/08/2021 07:25:00 PM From SacRealtor.org: Gross sales quantity up 25% over Feb., gross sales worth over $480k March closed with 1,292 gross sales, up 25% from the 1,034 gross sales in February. In comparison with one 12 months in the past (1,170), the present determine is up 10.4%.…The Energetic Itemizing Stock


by Calculated Threat on 4/08/2021 07:25:00 PM

From SacRealtor.org: Gross sales quantity up 25% over Feb., gross sales worth over $480k

March closed with 1,292 gross sales, up 25% from the 1,034 gross sales in February. In comparison with one 12 months in the past (1,170), the present determine is up 10.4%.

The Energetic Itemizing Stock elevated 9.4% from February to March, from 839 models to 918 models. In contrast with March 2020 (1,658), stock is down 44.6%. The Months of Stock decreased from .8 Months to .7 Months. This determine represents the period of time (in months) it could take for the present price of gross sales to deplete the whole energetic itemizing stock.

The Median DOM (days on market) remained at 6 and the Common DOM decreased from 15 to 13. “Days on market” represents the times between the preliminary itemizing of the house as “energetic” and the day it goes “pending.” Of the 1,292 gross sales this month, 91.2% (1,178) have been available on the market for 30 days or much less and 96.5% (1,246) have been available on the market for 60 days or much less.
emphasis added

Click on on graph for bigger picture.

This graph from the Sacramento Affiliation of REALTORS® reveals single household gross sales and stock since February 2018. Normally stock (pink) was greater than gross sales (blue), however now there are extra gross sales every month than stock. Stock declined sharply throughout the pandemic.



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