I try to post stats for the Sacramento Real Estate market at the end of each quarter. Maybe there will be tidbit of info you will find interesting, or you can bring to work with you and talk about the market and impress your friends! If you want info you don’t see here, shoot me some mail or give me a call. And one caveat…..the hard stats are only slightly indicative. The market tends to ebb and flow in trends, so whether it’s short sales, or foreclosures or your home’s value you are interested in, it’s the three to six month trend that really tells the story.
Here goes!!! (Trumpet sounds…..)
Single Family Homes and Condos, Sacramento County as of today–
5046 Listings
Only 443 are Foreclosure listings!!!
2209 are Active listings–either Short Sale, Foreclosure or just Regular Market
2825 are “Short Sale Contingent” (short sale already under contract with a buyer, short sale being worked out) that leaves about
620 “Active Short Sale” listings–i.e.–buyers don’t have much to choose from.
There are a whopping 3282 “Pending” properties (headed to Closing and final sale)
Lastly,
In Jan. 2012 there were 1444 Sales in Sac County, with 3316 listings (apprx/average)
In Feb. 2012 there were 1565 Sales in Sac County, with 2921 listings
In March, 2012, there were 1792 Sales in Sac County, with 2390 listings
Talk about a trend!!! I keep saying it, home buyers make strong offers! No low balling! There aren’t enough homes for sale for buyer demand. It’s a seller’s market for getting full price and multiple offers–I see it everyday. It’s a buyer’s market for great value. If the current supply and demand continues, we will start seeing value increases more so than what is slowly happening now.
It’s a great time in Real Estate, if you haven’t joined the party….call me. Free hall pass available.
