{"id":118,"date":"2020-12-04T10:24:36","date_gmt":"2020-12-04T10:24:36","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=118"},"modified":"2023-03-10T08:15:20","modified_gmt":"2023-03-10T08:15:20","slug":"sacramento-real-estate-market-trends-fall-2020","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/sacramento-real-estate-market-trends-fall-2020\/","title":{"rendered":"Sacramento Real Estate Market Trends &#8211; Fall 2020"},"content":{"rendered":"<h2>Strengthening Demand Boosts Rent Expansion<\/h2>\n<p>Sacramento\u2019s multifamily fundamentals held up well through the year\u2019s first three quarters, outperforming major markets and the nation. The average rent rose 0.6% on a trailing three-month basis through September to $1,575, while the U.S. rate inched up 0.1% to $1,463. The occupancy rate in stabilized properties pointed to solid demand, with the rate rising 10 basis points to 96.2%, in the year ending in August.<\/p>\n<p>But the metro is not out of the woods yet, even though the unemployment rate rose from an all-time high of 14.0% in April to 11.6% in July. Moreover, due to a high number of unemployment<br \/>\nclaims, on Sept. 20, officials suspended the processing of new applications for two weeks. The job market marked the fourth-consecutive month of contractions, down 6.8% in July and 20 basis points above the U.S. rate. All sectors lost jobs, except financial activities. Government jobs and professional and business services\u2013which account for a respective 24.0% and 14.3% of the workforce\u2013have fared well, shrinking by 4.7% and 2.4%, respectively.<\/p>\n<p>The pandemic has stalled sales activity. Just $341 million in multifamily assets traded through September, with the price per unit rising 11.2% to $200,606. Meanwhile, developers marked an all-time high in supply, with 1,460 units delivered and 4,678 underway. Accounting for these factors, we expect rents to rise 1.9% in 2020.<\/p>\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/1139-MatrixMultifamilySacramentoReport-Fall2020?utm_source=Matrix-Blog&amp;utm_medium=Social\">Matrix Multifamily Sacramento Report-Fall 2020<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strengthening Demand Boosts Rent Expansion Sacramento\u2019s multifamily fundamentals held up well through the year\u2019s first three quarters, outperforming major markets and the nation. The average rent rose 0.6% on a trailing three-month basis through September to $1,575, while the U.S. rate inched up 0.1% to $1,463. The occupancy rate in stabilized properties pointed to solid [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[16,72],"class_list":["post-118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook","tag-sacramento"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sacramento Real Estate Market Trends - Fall 2020 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Sacramento\u2019s multifamily fundamentals held up well through the year\u2019s first three quarters, outperforming major markets and the nation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/sacramento-real-estate-market-trends-fall-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sacramento Real Estate Market Trends - Fall 2020\" \/>\n<meta property=\"og:description\" content=\"Sacramento\u2019s multifamily fundamentals held up well through the year\u2019s first three quarters, outperforming major markets and the nation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/sacramento-real-estate-market-trends-fall-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-04T10:24:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:15:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/12\/Sacramento-iStock-1211286989.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sacramento Real Estate Market Trends - Fall 2020 - Yardi Matrix Blog","description":"Sacramento\u2019s multifamily fundamentals held up well through the year\u2019s first three quarters, outperforming major markets and the nation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/sacramento-real-estate-market-trends-fall-2020\/","og_locale":"en_US","og_type":"article","og_title":"Sacramento Real Estate Market Trends - Fall 2020","og_description":"Sacramento\u2019s multifamily fundamentals held up well through the year\u2019s first three quarters, outperforming major markets and the nation.","og_url":"https:\/\/www.yardimatrix.com\/blog\/sacramento-real-estate-market-trends-fall-2020\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2020-12-04T10:24:36+00:00","article_modified_time":"2023-03-10T08:15:20+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/12\/Sacramento-iStock-1211286989.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/sacramento-real-estate-market-trends-fall-2020\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/sacramento-real-estate-market-trends-fall-2020\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Sacramento Real Estate Market Trends &#8211; 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