Listen: Chris Norem, the BIA's political director and senior policy advisor.
New home sales in the greater Sacramento region during November were nearly double the number sold in November 2022, the North State BIA this month.
There were 501 new homes sold in the region by BIA members during the month. That was up 13% from October, due in part because November was a five-week month. Year over year, sales were up 96% from November 2022 and a full 43% above the monthly average of 350. For the year, sales have eclipsed the 6,000 mark and 2023 will be the best non-pandemic year since 2005.