Sacramento Real Estate Views

QUICK STATS – Sacramento County Homes for Sale

Short Sales, REO’s and Regular Homes for Sale

I get questions all the time about what percentage of short sales, bank owned (aka REO) homes and regular real estate listings there are in the market.

It seems like all there is out there right now is short sales but surprisingly, this isn’t the case.  What’s happening is when a home that isn’t a short sale or bank owned comes on the market, it’s snapped up so fast that most don’t see it come up.

I know in our office, when a home comes up that is regular real estate it goes very quickly.  No fuss, no muss type listings.  Very easy to get done in comparison to dealing with any bank.

As of this writing, the total number of single family homes for sale in Sacramento totaled 3854.  These are homes in active status’ in the MLS.  Only about 35% of the listings are short sales which was surprising to me as that’s all there seems to be available.  Coming in just over 20% of the listing inventory are bank owned homes or REO’s.

The remaining 45% of homes for sale are regular real estate.  But understand this – 55% of all single family homes for sale in Sacramento County are in some form of a distress sale.  Wow..

Got questions?  Feel free to contact me anytime.

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This entry was posted on Monday, March 22nd, 2010 at 12:12 pm and is filed under 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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