Investing in Real Estate:Sacramento Real Estate Report for May 2009

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The Real Estate numbers for Sacramento County look very similar to April.  However,  56 fewer homes sold May 2009 than in April 2009.   The average sold price did go up a tad from April at 0,321 to May’s average sold price of 9,796.

With the moratorium on foreclosures, we really aren’t getting a clear picture of real estate, right now.  I believe that in the coming months there will be quite a bit more inventory.  In the meantime, Short Sales are the main game in town.

As of the day of writing this article there are 3,651 Short Sales on the market for sale, 2,240 regular home sales and only 588 bank owned foreclosed homes for sale.

The longer we put off getting through the Foreclosures, the longer it will take to get our economy back on track.  I was hoping we would be in a recovery but unfortunately, we have a way to go, yet.

Be sure to take a look at the home sales report that is waiting for you by clicking on Neighborhood  Market Statistics.  Each month I provide the home sales number for single family houses that were for sale and that sold along with the average sold price. Be sure to check out your neighborhood by zip code each month for real estate home sales.

Sacramento County as a whole for May 2009

5, 065  homes were for sale

5,348 Average Price for a home for sale

1858 was the Average Square Footage of a house for sale

2,882 homes received an offer where the seller accepted the price and terms of the offer

1,672 homes SOLD

9,796 was the average SOLD price for a home in May 2009

1,691 was the average square footage of a home SOLD in May 2009

Now, click and check out how many homes sold were you live at the Real Estate Market Report.

All Sacramento bank owned homes for sale - These are homes all over the entire Sacramento County from highest to lowest.

All Sacramento Short Sales for sale - These are homes are over Sacramento County from highest price to lowest price.

All Sacramento homes for sale - These are “regular home sales, not REO, Bank Owned or Short Sale.