Significant Reduction in Housing Inventory in Sacramento County

By
Real Estate Agent with GreatWest Realty DRE# 00827565

If anything can demonstrate the difference a year can make in the Sacramento housing arena, it will be the numbers on the graph below.  The statistics compare June 2011 to June 2012 “For Sale – Sold – Pended” homes in all of Sacramento County.   Housing inventory for the comparison, recorded a decline of –63.1%, while homes enjoying “Pended” status increased +8%.

Interest rates continue to be at historic lows, but unlike June of 2011, available homes listed For Sale, are significantly reduced!

 

Sacramento Housing Statistics

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myrl jeffcoat
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Comments 20 New Comment

Ambassador
1,652,591
Barbara-Jo Roberts Berberi
Palm Harbor Florida Residential Real Estate
Charles Rutenberg Realty

Our housing inventory is REALLY low as well and buyers are NOT happy campers!

August 03, 2012 01:24 PM
Ambassador
776,428
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

Wow... That's a huge drop!  We're leveling off to a more normal whatever normal is suppose to be. 

August 03, 2012 05:20 PM
Rainmaker
1,276,099
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

 Myrl, what great news your market has really changed, and nice to see strong activity once again!

August 03, 2012 06:07 PM
Ambassador
1,189,577
Silvia Dukes PA, REALTOR
Florida Waterfront and Country Club Living
Tropic Shores Realty - Ich spreche Deutsch!
Myrl, good news for sellers in the Sacramento market! We do hear similar news from all corners of the country, it's a good thing!
August 03, 2012 06:39 PM
Rainmaker
1,145,968
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Pull up the numbers for 5 years ago, Myrl. You will see in August of 2007 we had more than 10,500 homes for sale in Sacramento!! How do you like those apples?

August 06, 2012 08:10 AM
Rainmaker
1,067,252

Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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