New home sales in the Sacramento region dropped off sharply in early May as area buyers continued to pull back due to heightened economic uncertainties, but then rebounded during the second half of the month, the North State Building Industry Association reported today.
Listen: North State President and CEO Tim Murphy
North State President and CEO Tim Murphy
A total of 254 new homes were sold in Sacramento County new home communities during the month, as expected given that the majority of developments are located there. Another 141 homes were sold in Placer County, with the remainder of sales in the Yuba-Sutter region, El Dorado County and Yolo County. More monthly statistics can be found in the charts below.
Roseville again saw the most sales of any submarket last month with 87, followed by Rancho Cordova with 71, Elk Grove with 63, Sacramento with 61 and Natomas with 29. Rounding out the top 10 markets were Lincoln (21), Rocklin (17). El Dorado Hills and Folsom with 16 each, and Plumas Lake with 14.
BIA statistics include sales by members in Amador, El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties.