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24 Hour Market Watch - September 12th 2008

The Sacramento MLS 24 Hour Watch, continues to demonstrate the number of homes going to "Pending Sale" status is more equal to the number of homes entering the market as new listings. The number of price reduced listings continue to rule the day, as sellers become more realistic in their view of the marketplace.

It is encouraging to not be as upside down in inventory vs. pending sales, as has been the case in recent times. The Greater Sacramento area appears beginning to work it's way through inventory,

Posted Friday Sep 12