Home Front

A blog about the economy and the Sacramento-area real estate market.

June 12, 2008
9.5 percent of Placer County's May sales below $250,000

The Placer County Association of Realtors releases its May statistics here for existing home sales.  Two things jump out:
 
 1) Fewer sales than the same time a year ago. April had more than in April 2007.
 2)  Placer County remains much more expensive than Sacramento. The suburban county, which isn't seeing near the extent of bank-owned real estate as in neighboring Sacramento County, shows slightly less than 10 percent of its sales priced below $250,000.
  More than half of May sales in Sacramento County are below $250 K.

 If you like numbers, check out the link: PCAR has plenty for you to pore over. Normally, Home Front wouldn't be so obsessive about numbers. But these days people are like ancient soothsayers, looking for signs and omens to divine the region's real estate future: bottoming out, still slipping or something like that Bill Murray movie: Groundhog Day.
murray.jpg

Image courtesy of www.kara.allthingsd.com

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