Sacramento-Area New Home Sales Continued
Moving Upward in August, North State BIA Reports
New home sales in the Sacramento region continued moving upwards in August, with 496 sales reported by members of the North State Building Industry Association – the highest total since February.
Tim Murphy, the BIA’s President and CEO, attributed the strong showing to a combination of slightly lower interest rates and the valuable incentives being offered by many builders.
August’s sales totals were well above the historical monthly average of 409 sales during the month and up 3% from July. However, July was a five-week month so on a weekly basis, sales were actually up nearly 30% from the prior month. Sales were down 18% from August 2024, but because that also was a five-week month, weekly sales year-over-year were basically even.
Listen: Tim Murphy, the North State Building Industry Association's President and CEO
Rancho Cordova led all area submarkets with 91 sales, followed by Roseville with 87, Elk Grove with 74, Sacramento with 64, and Natomas with 40. Rounding out the top 10 were Plumas Lake (31), Lincoln (30), El Dorado Hills (29), Granite Bay (9) and Galt (8). (For more statistical information, see charts below.)
BIA statistics covered 198 new home communities reported by members in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties.