Summary Of Changes for Sacramento County |
| | Week of 2010-01-02 | Since 2009-12-26 | Since 2009-01-03 |
| Direction | # | % | Direction | # | % |
| Inventory | 6113 |  | -363 | -5.60% | | -1241 | -16.9% |
| Median Asking Price | $179000 | | -$900 | -0.5% | | -$20000 | -10.1% |
| Average Asking Price | $217971 | | -$2852 | -1.3% | | -$34093 | -13.5% |
| Average Asking Price Per SQFT | $131 |  | $0 | 0% | | -$16 | -10.9% |
| SIT Inventory | 2856 | | -142 | -4.70% | | -839 | -22.6% |
| FIT Inventory | 567 | | -33 | -5.5% | | -903 | -61.3% |
| New Listings | 534 | | -38 | -6.60% | | -6 | -1.09% |
| Price Drops | 205 |  | 32 | 18.5% | | -312 | -60.2% |
| Price Increases | 23 | | 10 | 76.90% | | 11 | 91.70% |
Four County Inventory Levels
Inventory on 2010-01-02: 9670
Asking Price Levels
Price Inventory Levels
Asking Price Distribution
Troubled Inventory Levels
Flipper Market Share
Sellers In Trouble Market Share
Sellers In Trouble Days Since Last Sale
Asking Price Average Percent Loss
Asking Price Total Dollar Losses
(millions)
Weekly Inventory Price Changes
Weekly Inventory Price Changes
2 comments :
Remember 1 year ago when this blog was convulsing with giddy anticipation about how the shadow inventory was going to be unleashed in 2009 driving prices down? Back then, unbridled pessimism ruled - like this gem from our friend deflationary jane:
"who is going to continue buying the REOs? If there is all this pent up demand, what happens once that is satisfied? There just aren't enough warm bodies to fill the inventory and if it's just investors buying, look out for a greater jump in leasing revenue.
I think this is the bust's version of a spring bouce. The uptake is about equal with output for a month or two then the feedback gets louder and it's down down down again."
I read stuf like this now and I just laugh and laugh and laugh!!!
The political response from Washington was unpredictable at the time. Who would have thought that the Fed would monetize trillions of mortgages through QE, or that FHA and the GSEs would loosen standards, or that billions would be spent on house buyer tax credits, or that banks would slow the foreclosure process to a crawl to avoid acknowledging losses on their books?
Where have you been for the past 12 months?
Post a Comment