The February sales numbers are starting to arrive for the capital region.
Researcher TrendGraphix says the number of bank repos coming onto the market has slowed greatly. Credit the foreclosure moratoriums that have been playing out.
February sales are up 84 percent from the same month last year.
Lyon Real Estate head Mike Lyon said the upper-end of the market is pretty stressed. Sales of homes above $500,000 are down 37 percent from a year ago and the number of them for sale is up by 6 percent.
Inventory overall, however, continues to fall. March opened with 8,6,29 homes for sale in El Dorado, Placer, Sacramento and Yolo counties. Bank repos accounted for 1,797 of the listings. (Remember, that number in mid-2007 was in the 16,000s as people scrambled to sell their houses before prices fell further).
Placer County has also just announced its February sales numbers. The data from the Placer County Association of Realtors shows 224 sales, a drop from 253 in January.
It's also fewer than the 247 last year in February.
The median price is $289,000 - where half cost more and half cost less. That's up from $270,000 in January.
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