The September numbers for Trendgraphix have been released today by Lyon Real Estate. Inventory fell in the month of September by 1% over August of 2007. However, inventory has increased 8% in year-over-year same-month statistics. In the month of September, there were 15,106 homes for sale.
Mike Lyon points out an interesting fact. in January of this year, there were fewer than 100 homes in the tri-county region on the market priced under $200,000. Nine months later, that number has moved to 861 homes priced under $200,000, with 90% of that inventory located in Sacramento.
As I stated earlier this fall, investors are coming back into the marketplace, which I take as an indication that the market is near the bottom. True, investors have different motivation than home buyers, but both want a good deal.
Trendgraphix also reports the average price per square foot dropped 4% in September to $203 per square foot.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
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Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.