Homes sold within Sacramento County increased by 12.5% last month per the most recent DataQuick report. 1,676 sales closed in Sacramento County in July compared to last year’s 1,490 sales.
According to the report home sales in Placer County are up by more than 10% as well (as they are in El Dorado and Yolo counties too) while at the same time sales volume across the entire state was down a tad (1.4%) for the same period.
This isn’t quite the end of the market as we’ve known it for the last few years but it is a good thing and points to a more normal/stable market in the near future. As always real estate is entirely local and it’s nice to see our market, long battered by the media, beating the rest of the state in sales volume.
The Roseville Loan Guy