Sacramento Real Estate Market Stats

The Sacramento Real Estate stats always amaze me, whether slow or busy, the story is in the numbers! I suppose there are various statistics you can look at. Trendgraphix, and the radio news, says average Days on Market of Sacramento homes for sale is “Just under 30 days”, but if you are a selling a home in Sacramento, or the surrounding area, you probably have 5-15 offers on your home and know the real number of Days on Market is more like 7!  You especially know this if you’re trying to buy a home in the area!!

Trendgraphix reports 1249 homes and condos on the market in January, 2013.

Today, I checked the Metrolist and in Sacramento County, homes and condos number only 1187 Active (available) properties!!!  All those exclamation points because that is a drastically LOW number. No wonder home sellers are having a hey-day! (or is that HAY day, for my horse friends?)

What a great time to sell a home!

Compared 1187 available properties to 2632 avails a year ago, and 6695 in January 2009–when sellers were begging for a buyer to come knocking.

Of today’s available homes (1187), only 138 are Short Sales. Of “Pending Homes” (homes in contract, there are 3836 of those), only 1767 are “Pending Short Lender Approval”, and 2069 of them are regular/equity pending sales–indicating a real turn in our Sacramento home sales and market–we are less than half of all homes being sold as short sales in Sacramento. The return of equity.

Need or want to sell? I am here, and I am an expert.  Contact me via email or phone, and I will help you navigate the wild ride!

 

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