Sacramento Area Ends 2016 with Paltry Resale Home Inventory
Only 2,804 homes were active and available for sale throughout the greater Sacramento region at the close of 2016, according to a new report by Lyon Real Estate.
Lyon said regional resale home inventory on Dec. 31 was the lowest in more than 20 years in a "normal" market not affected by an economic downturn.
The measure of resale inventory takes in Sacramento, Placer, El Dorado and Yolo counties.
Lyon's report is based on data from the Sacramento-based real estate tracking firm Trendgraphix Inc.