Sunday, January 03, 2010

Sacramento Regional Real Estate Trends for January 2, 2010

Summary Of Changes for Sacramento County

 
Week of 2010-01-02
Since 2009-12-26
Since 2009-01-03
Direction
#
%
Direction
#
%
Inventory
6113
Up
-363
-5.60%
Up
-1241
-16.9%
Median Asking Price
$179000
Up
-$900
-0.5%
Up
-$20000
-10.1%
Average Asking Price
$217971
Up
-$2852
-1.3%
Up
-$34093
-13.5%
Average Asking Price Per SQFT
$131
Up
$0
0%
Up
-$16
-10.9%
SIT Inventory
2856
Up
-142
-4.70%
Up
-839
-22.6%
FIT Inventory
567
Up
-33
-5.5%
Up
-903
-61.3%
New Listings
534
Up
-38
-6.60%
Up
-6
-1.09%
Price Drops
205
Up
32
18.5%
Up
-312
-60.2%
Price Increases
23
Up
10
76.90%
Up
11
91.70%

Four County Inventory Levels



Inventory on 2010-01-02: 9670



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

2 comments :

Anonymous said...

Remember 1 year ago when this blog was convulsing with giddy anticipation about how the shadow inventory was going to be unleashed in 2009 driving prices down? Back then, unbridled pessimism ruled - like this gem from our friend deflationary jane:

"who is going to continue buying the REOs? If there is all this pent up demand, what happens once that is satisfied? There just aren't enough warm bodies to fill the inventory and if it's just investors buying, look out for a greater jump in leasing revenue.

I think this is the bust's version of a spring bouce. The uptake is about equal with output for a month or two then the feedback gets louder and it's down down down again."

I read stuf like this now and I just laugh and laugh and laugh!!!

Max said...

The political response from Washington was unpredictable at the time. Who would have thought that the Fed would monetize trillions of mortgages through QE, or that FHA and the GSEs would loosen standards, or that billions would be spent on house buyer tax credits, or that banks would slow the foreclosure process to a crawl to avoid acknowledging losses on their books?

Where have you been for the past 12 months?