Hmm. Is it just me, or do the median price statistics in Sacramento County sure seem to look pretty flat for the last year? If you look at the median price in December 2008 vs. that of December 2009, you will actually see an INCREASE of about 5.1%! Perhaps now we have enough data to think this little trough we saw from last January to April was not a fluke - and stability is here to stay? Time will tell. I can tell you that most of the transactions I have been representing for both buyers and sellers, (in all price ranges, short sales, foreclosures, and "regular transactions with a traditional sellers" - yes those DO exist!) are mostly met with multiple offers often resulting in pushing the price over the listing price. If you would like me to email you the Facts and Trends graphs for specific zip codes in Sacramento County, just shoot me an email and I am happy to provide them.
Sacramento Real Estate Statistics - December 2009
2 comments • Erin Attardi, Realtor - Sacramento, CA 916-342-1372 • January 26 2010 09:21PMComments
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Hi Erin!
I noticed in Land Park, there is only 1.9 months of inventory..another indication that property prices must stabilize...there just aren't enough properties for all of the buyers out there!
Is it because sellers do not want to sell at the prices they can get? I suspecct anyone that can delay selling is doing so. But it may be a long wait if they are expecting prices to return to the old levels.