Real Estate Investing:Sacramento County Real Estate Market Report

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Article Content:

Thought I would share with the Sacramento readers an absorption chart this month. The chart to the right shows how long it will take to sell a house in the Sacramento County area given the past history of 12 months, 6 months and 3 months worth of  home sales.

As you can see the chart is indicating under a four month supply of homes on the market which typically would signal a Seller’s market.

Due to the banks holding back foreclosed homes and not putting them on the market, this is skewing the typical analysis, in my opinion. Time will tell.

In Sacramento County for the month of April 2009:

Each month, usually by the end of the first week of the month, I post the home sales report by zip code prior to writing a detailed report such as this one.  Take a look at the home sales in your neighborhood by clicking on Neighborhood/County Market  Statistics which is directly under the header of this blog.  You may chose the month or year you wish to compare.

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