It may not be the bottom - but it is a bottom.
It is not just my word, but in actual numbers. Buyer's have come out in larger numbers since December 1st, 2011. The result been a drop in the number of available listings. Look at the red line, Sacramento County is down to just over one month of available inventory at the end of February. This is a drop from 4.3 months inventory in December 2010. If the red line held steady, the green bar would be starting it's natural spring increase. Not happening this year. Buyer's are realizing that the combination of values and interest rates have made this a great time to consider entering the market.
Sacramento has turned very competitive in the last 60 days. After seven long years, we may be seeing a bottom in our local market. Good news for long suffering home owners and great news for buyer that want to buy into a more confident market. Buyer's need to make sure they have a good Realtor working with them to stay on top of the changes. When the right home comes along in Sacramento county, you may want to act quickly. It appears that Dollar Days in Sacramento Real Estate may be over for the time being.