Sacramento County’s housing statistics for the month of October continued to reflect the shrinking inventory of homes listed for sale in the Greater Sacramento region. This trend has continued for several months now, and has moved our region from a buyer’s market to a seller’s market.
The graphs provided below, drive home the difference a year has made. The top graph compares numbers for October 2011 vs. October 2012 “For Sale – Sold – Pended” homes in all of Sacramento County. The lower graph provides the stats for September 2011 to September 2012.
Interest rates continue at historic lows. Modest home value gains have been made. But unlike the same period in 2011, available homes listed For Sale, are significantly reduced!