How Did 2020 Stack Up to 2019?

Here’s how 2020 stacked up to 2019 in Sacramento County.

Welcome to 2021! I’m sure we’re all glad that 2020 is over with. We went through a lot last year, with the pandemic, social unrest, and everything else. The real estate market, however, learned to pivot, and things turned out pretty well for us. The market was especially hot toward the end of the year. 

What better way to start the new year than a comprehensive review of the 2020 market? Here are the Sacramento County year-over-year numbers that illustrate how last year stacks up to 2019:

  • The number of home sales decreased by 2.5% from 18,528 to 18,063. For all the noise that was made about our lack of inventory, that’s not very much of a drop.

 

  • The average days on market dropped from 34 to 24 days. We sold many homes in just seven days—over list price. 

 

  • The list-to-sale price ratio increased from 98.34% to 98.65%. That doesn’t sound like a big jump, but here’s the kicker: 70% of homes sold for 100.15% of the listing price in 2019, while 77% of homes sold for 101.29% of the listing price in 2020. 

 

  • The average price rose 10% from $403,107 to $444,633.

 

  • The median price rose from $366,500 to $410,00.

Stay tuned for my next video where I’ll share my predictions for the upcoming year. If you’re thinking of selling your home anytime in 2021, I’d love to tell you how I can help you sell quickly and for top dollar, so get in touch with me today. I look forward to hearing from you!