Real Estate Investing :Sacramento Real Estate Statistics From 2008 Until 2010

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 I’m sure you’ve heard home sales are down for Sacramento Real Estate but I have a different take on it. Take a look at the graph below and focus on the red line which is Pending Sales.



As you can see Pending Sales are up and have been going up.  The reason I believe home sales calculations are down is due to the banks.   By personal experience working with home buyers who have excellent credit and certainly should not have difficulty getting a mortgage loan after having been PreApproved, I have found all of them end up with some sort of issue which delays the closing.



This I believe is not unique but prevalent in today’s lending industry.  Therefore, it is my opinion, as a Sacramento Realtor ® that the solds really do not reflect what would have sold but simply is registered in the Pending Sale status.  It’s taking forever to close on a home for sale these days.

This graph represents all sales,  Short Sales, Bank Owned Foreclosed and Traditional Home Sales from December 2008 until February 2010.  You can see there are quite a few properties for sale that have no offers as of the end of February 2010 but nothing compared to the properties on the market in 2008.



I believe the trend is sales in Sacramento on the rise, as long as the banks get with the program, and we actually close on property on time.  Let’s see what happens next month.

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