Real Estate Investing :Sacramento Real Estate Statistics for August 2010

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Sacramento Real Estate market statistics are fully completed showing the trends from June of 2009 thru August 2010.

Homes for sale throughout the Sacramento region were up slightly from July to August a whopping 6.9% increasing the inventory bringing the absorption rate down to 3.7 months based on closed homes sold.

When the final numbers are in for September 2010, based on the Pending home sales figure of 2,385 we should see an increase in sold homes.  The average price of a home sold in Sacramento really didn’t change much just slightly down by 2.8% from the previous month.

In August we saw 1,155 bank owned foreclosed homes for sale with 524 homes sold. On the other hand there were 1,872 Short Sale homes for sale with only 384 actually sold and 1,080 in Pending Sale which should result in a much higher number of solds for September which will end up being the most homes sold as Short Sale in a 15 month period.  Those Pending statistics for Short Sale homes is just another indication of how long it is taking to get these banks to respond and close.

Traditional homes for sale (meaning NOT Short Sale and NOT Bank Owned), was the highest in a 15 month period at 2,341 homes for sale in August, up .9% from the previous month with 528 homes sold and 625 homes receiving offers and in Pending Sale with sold prices up slightly over the previous month by 1.9%.

Shadow inventory is down nationwide but analysts at Barclays Capital predict a 2% home price depreciation nationwide over the next three months.   ” Barclays noted that as the foreclosure pipeline gradually returns to normal levels, the same distressed gap that is cause for concern in the near term will converge to zero, bringing aggregate home prices up with it.”

Previous Sacramento Real Estate Statistics:

Sacramento Real Estate Statistics for July 2010

Home Statistics for Sacramento June 2010

Home Statistics for Sacramento in May 2010

Sacramento April 2010 Market Statistics Report

Elk Grove April 2010 Market Statistics Report

Carmichael April 2010 Market Statistics

Land Park and Curtis Park April 2010 Market Statistics

Real Estate Statistics for Folsom in April 2010

Fair Oaks Market Statistics for April 2010

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Post tags: Foreclosure Statistics, Real Estate Statistics, Sacramento Real Estate Market Statistics, Short Sale Statistics


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