Sacramento Sales Statistics from April 2009

As a lifelong sports fan, I've always been fascinated with the statistical side in regards to my favorite sports, teams, and players. I've always enjoyed analyzing and arguing who are the top performers and stastistics are always a part of the equation.

The Sacramento Association of Realtors have released the sales statistics for April 2009 in Sacramento County and the City of West Sacramento. There are some interesting numbers in this report that jumped out at me:

1. The median price of a home appears to be leveling at around $167,000.
2. Inventory stands at 3.1 months (3 months or less is considered a sellers' market)
3. REO sales accounted for 65% of all transactions
4. All cash sales were over 27% of all transactions

If you wish to see the entire report, please go to www.scottandkimsellhomes.com and click on housing reports and articles.

Back to the Blogging World!

Today I played golf with a friend I have known a long time . . . all the way back to junior high! Amazing how long ago that was!

Of course we spent the obligatory time discussing our former classmates and such. Naturally we discussed the housing market. Like alot of people, he was wondering when we will be hitting the "bottom" of the housing market. While I have no crystal ball there are lots of indications that we are very close.

The best way for me to explain my opinions on the market is to share my resources about the housing market. These can be seen at www.scottandkimsellhomes.com under Housing Reports and articles. We update these frequently.