I was on the CITRUS HEIGHTS MLS today looking over the statistics for the zip code of 95621. I found out that there are currently 158 active listings. Out of the 158 actives, there are 61 active contigent listings. These are the short sale listings that do have offers on them. The average list price per sq. foot is 132.0. Out of the 158 active listings, 24 are bank owned listings and 44 are short sale listings. There are 60 pending HOMES FOR SALE IN CITRUS HEIGHTS CA RIGHT NOW.The lowest pending sale is 99k and the highest pending home sale is 305k. There have been 140 homes sold in the last three months. That is an average of 46 homes sold per month. This data is telling me that there is a 3.4 MONTHS SUPPLY OF HOMES FOR SALE IN CITRUS HEIGHTS CA. Since the average price per sq foot of actives is 132 per sq ft. and the average price per square foot of pendings is 127 per sq ft. This data definatly shows there is no downward pressure on prices in CITRUS HEIGHTS CA. If anything it looks like there is a small upward pressure on prices. The supply of homes is only 15 more than September's supply of homes. The housing market traditionally slows down starting in October so the supply really hasnt increase alot.
I would say given the fact that home buyers get a tax credit and the supply of homes isnt increasing tremendously, 2010 looks like a perfect time to buy a house. If a person needs to search for homes they can go to www.rocklinsacramento.com.
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