Sunday, December 20, 2009

Sacramento Regional Real Estate Trends for December 19, 2009

Summary Of Changes for Sacramento County

 
Week of 2009-12-19
Since 2009-12-13
Since 2008-12-20
Direction
#
%
Direction
#
%
Inventory
6546
Up
162
2.5%
Up
-1257
-16.1%
Median Asking Price
$180000
Up
-$4900
-2.70%
Up
-$19900
-10%
Average Asking Price
$223746
Up
-$2817
-1.2%
Up
-$35030
-13.5%
Average Asking Price Per SQFT
$132
Up
-$1
-0.80%
Up
-$18
-12%
SIT Inventory
3012
Up
67
2.299%
Up
-825
-21.5%
FIT Inventory
584
Up
21
3.699%
Up
-933
-61.5%
New Listings
792
Up
189
31.30%
Up
97
14.00%
Price Drops
237
Up
-71
-23.1%
Up
-363
-60.5%
Price Increases
32
Up
-6
-15.8%
Up
17
113.3%

Four County Inventory Levels



Inventory on 2009-12-19: 10415



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



Asking Price Average Percent Loss



Asking Price Total Dollar Losses

(millions)



Weekly Inventory Price Changes



Weekly Inventory Price Changes

5 comments :

Max said...

Interesting inventory action the last two weeks. How low will it go?

Deflationary Jane said...

Max,

There was a huge push with people gobbling FHA qualified homes but something changed in Dec. My guess is that everyone that needed the FTHB credit got it (pushed forward demand).

Now that interest rates are signalling increases (which will push down prices), smart money is hanging back. If Bill Gross is stockpiling cash, who am I to argue?

Plus, the shadow inventory kept off the MLS is seriously piling up and this is the stuff in the choice areas. If the fed closes the overnight rate window like they are signalling, the lenders will not be able to hold those asset off-book as easily. That also means the lenders will need to dump that inventory asap before rates push down the prices on those too.

Has the market finally gotten rational? I seriously hope so. I'm still sticking with my 2011/2012 purchase window for a house in east Sac.

husmanen said...

Wow, it does look like something is happening. There were a lot of dips in the graphs for El Dorado County, e.g. asking prices, price inventory levels, asking price distribution and inventory.

Could very well be a last push as DJ identified.

We will see if the Fed actually closes the window. That would be big.

Max said...

- The shadow inventory situation cannot last
- The Fed can't buy MBS forever
- The banks can't extend and pretend forever
- There are only so many renters

2009 may be remembered as the year of squandered opportunity.

patient renter said...

We will see if the Fed actually closes the window. That would be big.

I'm as leery as anyone, but the Fed is making a point to re-iterate their intention to end MBS purchases and disolve the various cash for crap facilities, and I'm sure they mean to. Though when it comes down to it, we all know that the banks will get whatever they want if they feel it's needed.