Sunday, January 13, 2008

Sacramento Regional Real Estate Trends for January 12, 2008

The Sacramento Area real-estate market is in quick recovery mode after the normal end-of-year slowdown. Inventory remains at record levels for January, with 14,873 active listings in the four-county area. Lower-priced inventory remains at high levels as well, and the sub-$200K level is showing a nice recovery spike:

The rate of increase in troubled inventory slowed in Sacramento County, but there were jumps in other counties. Placer and Yolo saw larger increases in both SIT market share and SIT inventory:

Finally, asking prices trends continued their overall downward trajectory, with only Placer showing a tiny weekly increase. Week-over-week changes showed expected behavior, with "new" listings returning after after the holiday break. So far, 2008 looks to be one of large inventory and lowering prices.

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