Sacramento Housing in April: Sales Down 6% YoY, Active Inventory up slightly YoY

The Sacramento Housing Statistics:

1) Overall sales increased to 1,496 in April, down from 1,587 in April 2018. Sales were up 13.3% from March 2019 (last month), and down 5.7% from April 2018.

2) Active inventory was at 2,094, up from 2,082 in April 2018. That is up slightly, 0.6% year-over-year.  This is the nineteenth consecutive month with a YoY increase in active inventory.

Inventory is still low - months of inventory is at 1.4 months, probably closer to 4 months would be normal.