Tuesday, August 15, 2006

Sacramento Region Home Listings Inventory: August 14, 2006

Inventory growth slowed yet again for the second week in August, with an increase of 339 house listings over the four-county Sacramento Region. This put inventory at 18,901, or 99 short of the all-time, ultimate, record-setting inventory high:

While inventory growth slowed, pending sales in Sacramento County were stagnant, sitting at 6.9% of total inventory. Coupled with reports of declining sales, it looks like overall market activity is slowing down. The next few weeks should be interesting.

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