September 2023 Housing Statistics

Sales dip 10% month-to-month, 23% year-to-year

Sales Volume

  • September closed with 880 sales – 10.1% decrease from August (979 sales)
  • 22.7% less sales than September 2022 (1,139 sales)
  • Conventional Financing accounts for 61.9% of sales this month, Cash and FHA at 18.1% and
    13%, respectively

Sales Price

  • Median sales price increased 1.9% from $535,000 to $545,000
  • 4.8% increase from September 2022 ($520,000)
  • The median sales price shows that exactly half of the monthly sales are above this price and exactly half of the sales are below this price

Listing Inventory

  • Listing Inventory increased 7% from August to September, from 1,278 units to 1,368 units
  • Compared with September 2022 (2,334), inventory is down 41.4%
  • The Months of Inventory increased from 1.4 Months to 1.6 Months
  • Months of Inventory represents the amount of time (in months) it would take for the current rate of sales to deplete the total active listing inventory

Days on Market

  • Median DOM (days on market) remained at 10, down from 19 in September 2022
  • Of the 979 sales this month, 78.2% (688) were on the market for 30 days or less and 91.5% (805) were on the market for 60 days or less


Sales volume decreases 10% for fall season. Median sales price sees slight increase. Inventory increases MOM as demand shifts. Average price/SqFt jumps from $343 to $346.

The Sacramento Association of REALTORS ® is a professional association representing over 7,300 real estate professionals doing business in the greater Sacramento metropolitan area. All SAR statistics reports compiled by SAR Director of Communications. Statistics are derived from the MetroList® MLS database for Sacramento County and the City of West Sacramento.
†Other financing includes 1031 exchange, CalVet, Farm Home Loan, Owner Financing, Contract of Sale or any combination of one or more

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