Sacramento Real Estate Views

Inventory Watch – Sacramento County

Selection of Homes for Sale Continues Decline

The number of homes for sale in Sacramento county has declined for the 3 straight month.  As inventory levels continue to go down, the buying frenzy will continue to heat up the Sacramento real estate market.

To Bailout or Not to Bailout – No Longer in Question

With the announcement of the Treasury Secretary’s plan to bail out the banks troubled assets, we may begin to see more homes come on the market in the coming months.  How many, when and by whom is anyone’s guess.

The State of California has again extended the foreclosure moratorium from February 23 to infinity..they said this one will expire at the end of May but each time they have extended it beginning September 1st, 2008.  They will in all likelihood extend it again.  This has stabilized home prices in the region so why wouldn’t they continue to do it?

Sacramento Home Prices Stabilize

Home prices, while it’s still a little early in the month to get an entirely accurate reading, seem to be roughly the same as they were in January and February and the number of units sold looks consistent as well.  I’ll have more information on that later in the week or early next week.

Great Time to Sell

With the inventory numbers getting lower than they have been in a couple years, it’s a great time to sell if you have to sell your home.  There will be fewer homes on the market to compete with.  In the Sacramento, Placer and El Dorado county area, there are only 9260 homes for sale, as of this morning, down from something like 21,000 or more a year ago.  This will create multiple offers and drive the price of any home up for the seller who hires an agent who knows how to negotiate.  If you need help, give us a call.

Buying or selling, either way, we can help you get there.

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Tags: homes for sale sacramento

This entry was posted on Wednesday, April 1st, 2009 at 5:45 am and is filed under Home Sales Reports, Real Estate Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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