As has been the case for most of the past six or seven weeks, all of the cities in our Solano County market area except Benicia have fewer active listings today than they did a week ago.
For the first time this year, Vallejo is under the 800 mark, with 796 active listings, thanks to a 25-home decrease from a week ago. In the last two weeks alone, Vallejo’s inventory has dropped by more than 5 percent.
Some of the recent decrease, no doubt, has been due to the moratorium on foreclosures, first by Fannie Mae and Freddie Mac and most recently by major banks like Bank of America, CitiBank, and Chase, all of whom agreed to halt foreclosures until early March in order to give President Obama an opportunity to release details of his recently announced Homeowner Affordability and Stability Plan (details of that plan are to be published next week).
In this week’s Pending & Sold Report, you’ll see that ...
To Read The Rest Of This Post And View This Week's Reports, Click Here
Related Articles:
- Weekly ACTIVE LISTINGS Report (2-23-09)
- Weekly PENDING & SOLD Report (2-23-09)
- View The Most Recent Weekly Market Update
- Vallejo January Home Sales
- Benicia January Home Sales
- Pre-Foreclosure Activity Down In 4th Qtr ‘08
Want To Receive This Type Of News Automatically By E-Mail. Subscribe Here.
Search The MLS — Click Here to search the MLS for either Solano or Contra Costa Counties.
Want to have new MLS activity arrive by E-Mail Automatically? Click Here to set up a customized search.
Comments(0)