Home Sales Statistics For Sacramento County August 2010 vs. August 2009

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Real Estate Agent with GreatWest Realty DRE# 00827565

The number of single family home sales declined 6.5% in Sacramento for the Month of August 2010 vs. August 2009.  While, median sale price experienced a 2.6% drop from a year ago. 

Condominium sales had a slight  bump in number of sales for August 2010 vs August 2009 -  but median sales prices declined.
 
Mortgage interest rates continue at historic lows, and for those with the ability to buy homes now, the opportunities continue to be great!

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Ambassador
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Myrl, A very nice looking report, though the numbers are dropping. At least it does not seem radical, though this may be just the beginning of what the fall and winter months will be indicating. I think until this election cycle is done with and people start hearing news of the economy they have faith in ( not like the recession is over) it may well be slow going for a while longer.

Sep 23, 2010 01:26 PM #1
Rainmaker
2,517,061
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

William - That is my thinking too!  If we can simply hold our own with the numbers through this fall and winter, perhaps spring will begin to look a little more robust!

Sep 23, 2010 01:52 PM #2
Rainmaker
1,317,476
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Myrl -- I just posted the report for NH and it was very similar.  I think we are seeing some trends as the August reports come out!

Sep 23, 2010 02:53 PM #3
Rainmaker
2,517,061
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

John - I think what we will be seeing, is how robust the market can be without the tax incentives of the federal government.  We still have some credits at California State level.  By spring we ought to have a clearer picture.  Somehow, I think it will be better!

Sep 23, 2010 04:32 PM #4
Ambassador
2,079,669
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Myrl - I love that report and am sure your clients love the information you provide for them!

Sep 24, 2010 03:57 AM #5
Rainmaker
671,701
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Myrl, Thank goodness we are not still seeing the drastic reductions that we saw in years past. We are seeing a slight decline, which is similar to our market.  Have a great weekend.

Sep 24, 2010 05:27 AM #6
Rainmaker
2,517,061
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Barbara Jo - Thanks your for your kind words. . .I hope you have a great weekend.

Sep 24, 2010 06:13 AM #7
Rainmaker
2,517,061
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Sandy - My thoughts exactly.  It is an improvement, to even reach some form of equalibrium, rather than the free fall we were in a couple years ago.

Sep 24, 2010 06:15 AM #8
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Rainmaker
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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