San Joaquin County Real Estate Market Update: As we approach the end of August 2024, the San Joaquin County real estate market is showing notable shifts compared to both last month and the same period last year.
Homes For Sale: There are currently 1,044 homes on the market, reflecting a 9.2% increase from July 2024 and an impressive 72.6% jump compared to this time last year. This significant rise in inventory suggests a broader range of options for buyers.
Homes Sold: While there were 341 homes sold between August 1st and 27th, 2024, this marks a 10% decrease from the previous month. However, year-over-year, the number of homes sold is up by 8.3%, showing a steady demand despite the monthly dip.
Pending Sales: Pending transactions have seen a modest 1.6% increase from last month, with 393 homes under contract. This is an 18.7% rise from August 2023, indicating that more buyers are actively making offers.
In Summary: Year-to-date, the market remains resilient with a 5.3% increase in sold homes and a 6.7% rise in pending sales compared to 2023. These trends highlight the ongoing strength of the San Joaquin County market as we head into the fall season.
Sacramento County Real Estate Market Update: As August 2024 draws to a close, the Sacramento County real estate market presents a mixed yet intriguing picture when compared to both last month and the same period last year.
Homes For Sale: The inventory currently stands at 1,737 homes, marking a slight 1.2% increase from July 2024. Compared to this time last year, there's a significant 54.5% rise in available homes, indicating a much broader selection for potential buyers.
Homes Sold: A total of 772 homes were sold from August 1st to 27th, 2024, showing a 9.9% decrease from the previous month and a slight 1.8% dip from August 2023. Despite this decline, the year-to-date figures show a 2.8% increase in sold homes, reflecting steady overall demand.
Pending Sales: There are 903 pending transactions this month, which is a 1.6% increase from July 2024. Compared to August 2023, pending sales are up by 14%, signaling strong buyer activity. Year-to-date pending sales have risen by 5.3% compared to last year.
In summary, while the number of homes sold has dipped slightly, the increase in pending sales and available inventory suggests that the Sacramento County market remains active and dynamic as we transition into the fall season.