Monday, August 04, 2008

Sacramento Regional Real Estate Trends for August 2, 2008

The markets continued to tread water this week, with gradual downtrends in both asking prices and inventory, and gradual uptrends in market stress indicators. Of note, the average SIT loss is now 35% of last selling price, and SITs remains at over 50% of the Sacramento market.












4 comments :

Bryan Gibson said...

"Gradual downtrends in asking prices." It's a sweet sweet song that hasn't gotten old for me. Of course, after I buy a house I may change my mind, but for now:

"Play it again, Sam [Max]"

Wadin' In said...

...Market Stress Indicators...

On your FIT site, the average loss per home just continues to move up:

Sacramento: $107,000 per house
Placer: $120,414 per house
Yolo: $103,087 per house
El Dorado: $95,418 per house

And remember, these are just losses based on asking prices. What prices the sellers settle at is anyone's guess. And then they can pay back taxes, HOA, and bonds, plus calculate the negative carrying costs......whew, I get exhausted just thinking about it...

Deflationary Jane said...

I noticed that housingtracker has been posting slightly higher inventory for a few weeks. Curious that Sac didn't dip deeply like the two years prior.

Frank Griffin said...
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