May 2025 was a Seller’s market!
The number of for sale listings was up 50.4% from one year earlier and up 14.4% from the previous month. The number of sold listings decreased 11% year over year and decreased 2.9% month over month. The number of under contract listings was up 8.4% compared to previous month and up 0.6% compared to previous year. The Months of Inventory based on Closed Sales was 2.3, up 65.4% from the previous year.
The Average Sold Price per Square Footage was up 0.3% compared to previous month and the same compared to last year. The Median Sold Price increased by 0.5% from last month. The Average Sold Price also decreased by 0.3% from last month. Based on the 6 month trend, the Average Sold Price trend was “Neutral” and the Median Sold Price trend was “Neutral”.
The Average Days on Market showed a downward trend, an increase of 18.2% compared to previous year. The ratio of Sold Price vs. Original List Price was 99%, a decrease of 1% compared to previous year.
| Category | May 2025 vs. Apr. 2025 | % Change | May 2025 vs. May 2024 | % Change | Mar. 2025 to May 2025 vs. Mar. 2024 to May 2024 | % Change |
|---|---|---|---|---|---|---|
| For Sale | 2,278 vs. 1,992 | 14.4% up | 2,278 vs. 1,515 | 50.4% up | 2,278 vs. 1,515 | 50.4% up |
| Sold | 980 vs. 1,009 | -2.9% down | 980 vs. 1,101 | -11% down | 2,838 vs. 2,921 | -2.8% down |
| Pended | 1,098 vs. 1,013 | 8.4% up | 1,098 vs. 1,091 | 0.6% up | 3,109 vs. 3,095 | 0.5% up |
| Avg. Sq. Ft. Price (Sold) | 348 vs. 347 | 0.3% up | 348 vs. 348 | 0% | 344 vs. 343 | 0.3% up |
| Avg. Days on Market | 26 vs. 26 | 0% | 26 vs. 22 | 18.2% up | 28 vs. 22 | 27.3% up |
| Sold/Orig LP Diff. % | 99 vs. 99 | 0% | 99 vs. 100 | -1% down | 99 vs. 100 | -1% down |
| Avg. Active Price | 711 vs. 711 | 0% | 711 vs. 747 | -4.8% down | 707 vs. 753 | -6.1% down |
| Avg. Sold Price | 612 vs. 614 | -0.3% down | 612 vs. 625 | -2.1% down | 615 vs. 609 | 1% up |
| Months of Inventory (Closed Sales) | 2.3 vs. 2.0 | 15.2% up | 2.3 vs. 1.4 | 65.4% up | 2.4 vs. 1.6 | 51.4% up |
| Residential | 2 Bedrooms | 3 Bedrooms | 4 Bedrooms | 5+ Bedrooms | All Bedrooms |
|---|---|---|---|---|---|
| Closed | #Units: 198 Dollar Value: $88,055,998 Average List Price: $446,676 Average Close Price: $444,727 Average Market Time: 27 Average Square Feet: 1149 % of List Price: 99.56% | #Units: 550 Dollar Value: $298,723,721 Average List Price: $543,947 Average Close Price: $543,134 Average Market Time: 25 Average Square Feet: 1515 % of List Price: 99.85% | #Units: 298 Dollar Value: $205,930,063 Average List Price: $692,544 Average Close Price: $691,040 Average Market Time: 29 Average Square Feet: 2133 % of List Price: 99.78% | #Units: 67 Dollar Value: $60,193,336 Average List Price: $904,873 Average Close Price: $898,408 Average Market Time: 27 Average Square Feet: 2937 % of List Price: 99.29% | #Units: 1113 Dollar Value: $652,903,118 Average List Price: $588,156 Average Close Price: $586,616 Average Market Time: 26 Average Square Feet: 1701 % of List Price: 99.74% |
Property Sales (Sold)
May property sales were 980, down 11% from 1,101 in May of 2024 and 2.9% lower than the 1,009 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 763 units or 50.4%. This year’s bigger inventory means that buyers who waited to buy may have a bigger selection to choose from. The number of current inventory was up 14.4% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 8.4% in the pended properties in May, with 1,098 properties versus 1,013 last month. This month’s pended property sales were 0.6% higher than at this time last year.
The Average Sold Price per Square Footage was Appreciating
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the mix of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The May 2025 Average Sold Price per Square Footage of $348 was up 0.3% from $347 last month and the same as in May of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Downward Trend
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for May 2025 was 26, the same as last month and up 18.2% from 22 days in May of last year.
The Sold/Original List Price Ratio was Rising
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100%, the more of a Buyer’s market exists. A ratio at or above 100% indicates more of a Seller’s market. This month, Sold Price vs. Original List Price of 99% was the same as last month and down from 100% in May of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
The Average For Sale Price was Appreciating
The Average For Sale Price in May was $711,000, down 4.8% from $747,000 in May of 2024 and the same as last month.
The Average Sold Price was Neutral
The Average Sold Price in May was $612,000, down 2.1% from $625,000 in May of 2024 and down 0.3% from $614,000 last month.
The Median Sold Price was Neutral
The Median Sold Price in May was $553,000, down 1.2% from $560,000 in May of 2024 and up 0.5% from $550,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The May 2025 Months of Inventory based on Closed Sales of 2.3 was increased by 65.4% compared to last year and up 15.2% compared to last month. May 2025 was a Seller’s market.
Months of Inventory based on Pended Sales
The May 2025 Months of Inventory based on Pended Sales of 2.1 was increased by 50.4% compared to last year and up 5.1% compared to last month. May 2025 was a Seller’s market.
January 20, 2025 | 8:00am
Sacramento City College Tennis Courts
