Sacramento Home Sales Report for June 2008

Gena, it's fun to look at numbers in other parts of the country.  One thing I noticed is your average days on the market numbers, and they don't look bad at all!  Looks like a pretty balanced market.

Good Evening Gens, Those are some impressive figures and it is more than a trend with 6 continuous months of growth. The report was really attractive and the newspapers should print something like this and spread the good news. Excellent!

Gena,  I see that although sales numbers are going up, average price is going down.  It must be that more foreclosures are hitting the market and the banks are reducing prices.  It would also appear he higher end of the market is still suffering.   It looks like we have a way to go. 

Heath, yes buyers and investors are back in the saddle and homes are selling, inventory is lessening. It's a slow but steady increase in sales each month.

Thanks for the positive group. I went ahead and placed it in there. The positive aspects need to be brought out since we have certainly had more than our fair share of the bad.

Patricia, now our numbers are more true to form. It use to be that the numbers really didn't mean much if a house was taken off and put back on but now we have accumulative DOM so it's a lot more accurate.

William, it's always good news to see a steady strong increase and that is what we have been seeing. Hopefully, the media will be more proactive rather than destructive. I don't think I've been hearing as much negativity as I was in the past. So, that's a good thing.  It's nice to see the change.

Robert, it's a darn site better than it was and I for one am very thankful. The buyers and the investors are back.

The important factor is that inventory is moving and the sooner the inventory moves the sooner we will get to a point of stabilization.

Sacramento is headed in the right direction, inventory is being SOLD and making room for more to sell.

Thanks for your report Gena!  I enjoy reading about your market because I have family in Folsom.  I will forward this to them.  It is fascinating to watch the market shift in action.  Clearly the Sacramento area is beginning to turn a corner as the qualified buyers take notice.  With Half Moon Bay area prices more than 200% higher and only a 5% drop in the last year (off the median single family home), it may be a good time for those dreaming a warmer climate within a 3 hour drive to take a look at your market for a relocation or 2nd home?

Marian,

Couldn't agree more. I've been working with 2nd home buyers from San Jose over the July 4th holiday. This is a fabulous time for investors, those relocating and of course 2nd home buyers. Inventory is moving which only brings about a brighter outlook.

Greatly honored that you will forward this article to your relatives in Folsom.

<!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning /> <w:ValidateAgainstSchemas /> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables /> <w:SnapToGridInCell /> <w:WrapTextWithPunct /> <w:UseAsianBreakRules /> <w:DontGrowAutofit /> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" LatentStyleCount="156"> </w:LatentStyles> </xml><![endif]--> <!-- /* Font Definitions */ @font-face {font-family:"Arial CYR"; panose-1:2 11 6 4 2 2 2 2 2 4; mso-font-charset:204; mso-generic-font-family:swiss; mso-font-pitch:variable; mso-font-signature:536902279 -2147483648 8 0 511 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} a:link, span.MsoHyperlink {color:blue; text-decoration:underline; text-underline:single;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline; text-underline:single;} @page Section1 {size:612.0pt 792.0pt; margin:2.0cm 42.5pt 2.0cm 3.0cm; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> <!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Обычная таблица";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin:0cm;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";
mso-ansi-language:#0400;
mso-fareast-language:#0400;
mso-bidi-language:#0400;}
</style>
<![endif]-->

Year ago I was searching a site where I could sell my house. I found really great site. It was called Fizber. There were great services. You can find them here http://www.fizber.com/sale-by-owner-home-services/index.htm.