Sacramento Real Estate Views

Number Of Homes for Sale Increases

3 County Area Inventory Jumps Up

We’ve been talking about this for quite sometime but I wasn’t sure, and I’m in good company, that we’d begin to see the number of homes for sale in Sacramento, Placer and El Dorado counties increase.

It looks like the recent slow down in sales since the beginning of the year has helped there be more homes available for sale.

Wouldn’t know it as there are still multiple offers flying everywhere.  The decrease in bank owned homes and the resulting increase in short sale homes available is making the “regular real estate” and bank owned homes very competitive.

Now that the governor has signed a new tax credit into law, I would expect that sales won’t suffer depending on what interest rates do.  Interest rates are above 5% for the first time this year and one year ago were around 4.75%.

Most sources I read think home sales in the Sacramento region will slow over the coming year barring additional intervention from the government or banks who suddenly get it and start working to get short sales processed more quickly.  More on that later.

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Tags: homes for sale sacramento rocklin roseville, sacramento homes for sale

This entry was posted on Wednesday, April 7th, 2010 at 1:30 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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