Saturday, July 29, 2006

Sacramento Area Price Level Inventory For July 28, 2006

Flippers continue to suffer as inventory builds across the region. The recovery trends we saw earlier this year in El Dorado and Yolo Counties are reversing, as more flippers find themselves in trouble. Sacramento and Placer County flipper positions are deteriorating faster than before, with one in six and one in five flippers in the red, respectively. This number is probably far worse, as discussed here on my Flippers In Trouble blog.

Inventory continued to pile up in the four-county area, with $200K-$400K range showing the largest increase over the past three weeks.

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