Saturday, July 01, 2006

Sacramento Area Price Level Inventory For June 30, 2006

Some interesting trend changes are beginning to take shape in Yolo and Placer counties. Inventory is leveling off. You heard it here first. Both Yolo and Placer have shown smaller and smaller increases in inventory over the past three weeks, even as Sacramento and El Dorado continue their steady growth.

Flipper market share continued to decrease as the smart money makes its exit. The El Dorado flippers continue their excellent performance with only a 13% market share, while Placer flippers continue to suffer. Loss taking flippers in Placer are edging toward 5% of total market inventory.















2 comments :

rockin buyer said...

Do you think the reduced velocity of new listings might just be sellers giving up on the market and letting the listings expire? Are you tracking "net" listings (current + new - expired), or can you tell how many new listings are coming on line, vs. unsold expiring listings? It would be interesting to know the difference. In south Placer, it is hard to believe the market is "topping out". Everything seems to be for sale here. My homes have "decreased" (not a seller now) in value 10-15% since Sept. 2005.

John in Rocklin

Max said...

All the listings here are active listings, save the Sac County numbers here.
I know there's a lot of flux in the market, where houses are listed for a short time and relisted at a different price after the old listing expires. The Sac MLS rules are stricter than most, and once a listing is added, it can't be removed unless it sells or expires.

An expired listing won't be counted twice since two listings can't exist for the same address in the MLS. Therefore, the increase is due to net new homes being added. You're right, it would be interesting to know how many listings were sold/expired, and how many were new. I'll see what I can do...