Monday, June 08, 2009

Sacramento Regional Real Estate Trends for June 6, 2009

(Haven't had time to recode the last of the stats graphs, so you guys will have to suffer for another week.)

Things remain in a steady-state in the market, with inventory unchanged, and most stress indicators flat. There is no sign of any REO flood; in fact I've heard rumors that bank repo brokers have begun laying off staff due to the lack of activity.

Four County Inventory Levels



Inventory on 2009-06-06: 11062



Asking Price Levels



Price Inventory Levels



Asking Price Distribution



Troubled Inventory Levels



Flipper Market Share



Sellers In Trouble Market Share



Sellers In Trouble Days Since Last Sale






4 comments :

Anonymous said...

"in fact I've heard rumors that bank repo brokers have begun laying off staff due to the lack of activity."

Talk about frustrating. Werent you just last week saying you heard a rumor that the flood was going to start?

I have resigned myself to the fact that no flood is coming - weve been speculating about it for years and it still isnt here. This "flood" meme will go down as one of the most frustrating aspects of the bubble.

Max said...

Yeah, pretty crazy, eh? With interest rates going up, any "shadow inventory" will be losing value even faster.

patient renter said...

Foreclosures are still at or near record levels across the nation. I have a hard time believing REO brokers would be laying off.

As for the shadowy wave, I decided the same thing a while ago - I'll believe it when I see it.

Bryan said...

I got kind of a chuckle reading Anon 12:54's post and wondering if a similar comment might have been made had their been blogs in Noah's day.

But the skepticism is valid.