Sacramento Real Estate
Is it any wonder why home buyers are finding multiple offers on homes for sale in Sacramento? ?The real estate chart to the left is a depiction of how many homes for sale, those in pending sale and Sacramento real estate sold over a 15 month period.
Although the number of homes that sold is up by 12.9% over last month, the number of homes for sale was down by 7.8% leaving .9 month worth of inventory on the real estate market for sale. ?And when comparing October 2012 and August 2011 inventory is down a whopping 61.5%. ?The average price per square foot is up 3.9% over the previous month and there has been an 11.6% increase over a 15 month period.
If you would like to know what Sacramento homes for sale are just click on the link.
Sacramento Short Sale Report
Distressed homeowners listing their homes for sale as short sales?
in Sacramento last month went down by 11.3% and comparing last month?s Sacramento short sale inventory to the past 15 months, it went down by 71.1%. There could be 2 reasons for this lack of short sale homes for sale?
- There are fewer Sacramento homeowners having trouble paying their house payments
- Distressed Sacramento homeowners know the Debt Forgiveness Act that protects them ends on December 31, 2012 so it is no longer a viable alternative to foreclosure for them unless it is extended. ?Time is running out!
It was nice to see that short sales days on the market went down from a high of 167 days to 71 days last month which means the banks are approving short sales faster ?than they were a year ago.?
Sacramento Traditional Home Sale
Again there was a lack of inventory on the real estate market for sale when it came to the traditional homes for sale. The numbers were down over last month by 7.2% with only 983 homes for sale. The good thing was that the number of homes sold rose over last month by 21% with 894 homes selling, leaving 1 month of inventory on the real estate market for the home buyers.
The average price per square foot went up over last month by 3.3% and over a 15 month time period it?s gone up by 7.2%. ?As always it?s refreshing to see 31 days on the market for the traditional home sales.
Be sure to click on ?Luxury homes for sale around Sacramento for the most current luxury homes for sale around Sacramento.
Sacramento Bank Owned Homes
This is a graph that pleases me and has done month over month?
with fewer bank owned homes for sale over a 15 month time period. Last month there were 2.2% fewer bank owned homes for sale in other words, foreclosures. The fewer foreclosures, the better for real estate and the recovery.
And if you are interested in seeing the current Foreclosed homes for sale, simply click on the link provided.
Based on the real estate chart to the right, there were 78.9% fewer foreclosed homes for sale than back in August 2011. ?Music to my ears!
Click on previous Sacramento Real Estate to view previous months and year reports.
And if you need a Sacramento REALTOR? to help either buying or selling a Sacramento home, just give me a call.
Source: http://www.sacramentorealestatevoice.com/sacramento-real-estate-numbers/
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