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

October 13, 2008
September sales steady in Sacramento; prices still falling

It's much the same old drumbeat in this  new release about September sales from Sacramento-based TrendGraphix.

Sales held steady, prices fell and bank repos dominated the game in the region.

The number of for-sale signs in the region keep falling, too, as buyers snap up the discounted foreclosure properties. TrendGraphix reports 11,022 homes for sale in El Dorado, Placer, Sacramento and Yolo counties. That's down from 11,369 in August - and way down from a record high of 16,081 a year earlier. More September reports are expected from area associations of Realtors and from DataQuick in days ahead.

The big question is what's happening now. We're hearing scattered reports of big slowdowns in area escrow closings as the Wall Street financial solution spooks would-be buyers.

 

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