The most recent report from Real Estate data reporting firm, DataQuick, shows the number of single-family homes sold in Sacramento County rose over 15% last month (August). The report also shows at least 10% gains in both Placer and El Dorado Counties, and over 9% in Yolo County as well.
Much of the increased activity at the low-end of the housing market but not entirely, as sales across the board picked up as well.
DataQuick’s president, John Walsh, said: “The sliver of positive news here is that, no matter how you look at it, last month’s sales beat the year-ago numbers, which were pretty lousy,” and “lower prices and mortgage rates lured some homebuyers off the sidelines last month, but too many others lacked the confidence to step into the game.”
As we’ve been talking about for a while market trends are volatile month to month, with every slow month seeming to be followed with a month like August, but most of the data shows that things have flattened out overall, and are even picking up in some local markets (such as Roseville). I know the media has turned to selling nothing other than negativity and sensationalism for the last few years (and why not, it’s what gets people’s attention) but it’s not always the way they make it seem…
Your Roseville Loan Guy