Fewer Sacramento Area Homes for Sale This Spring
May 16th, 2009 Categories: Graphs and Charts, Real Estate News, Real Estate Trends, Sacramento RE Stats, Sacramento Real Estate
Sacramento Real Estate Inventory Continues to fall… at a time of year we usually see a huge ramp up of homes for sale. As you can see from the TrendGraphics chart featured in a SacBee article, spring time brings increases and fall brings decreases…
Foreclosure moratoriums and lenders deciding to give homeowners more time before filing foreclosure notices and holding Trustee sales have been a key to the falling inventory in the capital region.
But that decline is not likely to last, After the April 1 lift of several bank and government moratoriums, thousands of foreclsoure notices have been filed Here in the metro area, and hundreds more have been sold at Trustee sale and gone back to the lender.
At the end of April there were just over 7200 homes on the market; the lowest inventory in the Sacramento Metro area since July 2005. It was the 20th straight month of falling inventory since listings peaked at more than 16,000 in August 2007.
