Some Improvement in Housing Inventory for Sacramento County

By
Real Estate Agent with GreatWest Realty DRE# 00827565

Listing and Sales data for Sacramento County homes demonstrates the number of property listed FOR SALE in comparison to the percentage transitioning to PENDING status or SOLD is continuing improvement from a year ago.

Although the number of homes listed FOR SALE is not robust, their numbers are rising in comparison to number of homes SOLD. 

Increased home values in our region are allowing more homeowners to become equity sellers once again. This factor has once troubled homeowners, who once felt unable to sell without entering a short-sale environment, to once again consider selling, and many are doing so, helping to provide valuable inventory to the marketplace.

Last month Sacramento County recorded an 87% jump in “For Sale” listings, in comparison to October of 2012.  However, SOLD homes declined -26.3% for October 2013 vs. October 2012.

 

Those interested in purchasing, and are able to find suitable homes for their needs, should act now!

 

The following charts provide sales statistics for the month of October followed by numbers for the previous month of September.

 

 

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Topic:
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Location:
California
Groups:
All things California
Dedicated Bloggers
Sacramento Real Estate
Diary of a Realtor
The Recovery Train
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myrl jeffcoat
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Ambassador
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional
Hi Myrl, These are good indicators that sales are trending down and inventory is up. Same down here in San Diego. Lots of new listings and fewer showings. Maybe activity will pick back up but from what I hear, there doesn't seem to be a rush out there.
Nov 12, 2013 11:22 AM #1
Rainmaker
935,953
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Myrl, real estate market was slowing down after the government shutdown. I hope the trend will recover soon.

Nov 12, 2013 11:58 AM #2
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Myrl glad to hear the  real estae inventory is improving as well as price in Scaramento.

Nov 12, 2013 03:41 PM #3
Rainmaker
5,460,150
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home buyers will be happy to find a larger selection but should be wall prepared for rising prices as well.

Nov 12, 2013 11:37 PM #4
Rainmaker
2,276,093
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

It is very obvious that you know your market very well. Nice job with the report and easy to understand especially for buyers and sellers.

Make it a great day!

Nov 13, 2013 03:41 AM #5
Rainmaker
1,434,247
Yolanda Cordova-Gilbert
Richmond, TX

Myrl,

 WOW an 87% increase in listings is a huge increase, good for Sacramento. I 'll bet it is really pretty this time of year! I hope you are having a good week!

Nov 13, 2013 06:15 AM #6
Rainmaker
4,531,458
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Myrl,

Hurray for improvement, even the job market is improving...we will take any improvement, no matter how small, it is all good. A

Nov 13, 2013 08:34 AM #7
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Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

87%, Myrl. I wish our inventory would gain some. We are running out of homes to sell.

Nov 15, 2013 02:32 AM #8
Rainmaker
1,434,247
Yolanda Cordova-Gilbert
Richmond, TX

Myrl,

 I ;ll bet you are starting your Thanksgiving prep! Yummy, I am getting ready for the Holidays! I hope you have a great day!

Nov 15, 2013 06:39 AM #9
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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