Wednesday, May 13, 2009

Sacramento April 2009 Real Estate Statistics

Hmm...what's going on here? The median real estate price point in Sacramento County has been pretty even for the last four months in a row.

Supply and demand is a pretty basic economic principle...if you look at the number of homes on the market versus the number of homes that closed escrow in April 2009, there is only a 2.5-month supply of homes on the market. These inventory numbers are really interesting if broken down into different price the $200k and below price range, last month there was just 1.6 months of inventory. Between $200k - 500k, there was 3.3 months of inventory. Over $500k, there was 13.6 months of inventory!! The market is very brisk and competitive in the lower price ranges. For a reference point, 6 months of inventory is widely regarded as a market with buyer/seller equilibrium.

Just to flash September 2007, the overall supply of homes in Sacramento County had reached / peaked at 15 months.

Please keep in mind that not all areas and neighborhoods are affected in the same way...if you would like me to email you statistical graphs for a specific zip code, feel free to email me at

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