Sacramento Regional Real Estate Trends for November 27, 2010

Food for thought:

Average time it takes banks to foreclose: 492 days
Number of households in default: 7 million
Number of people affected by the 99-week unemployment extension debate: 2 million.

So if you were to lose your job today, you could potentially receive 24 months of unemployment and live in your house mortgage-free for 16 months. There are probably millions of people already doing this, and there will be a lot of pain if this ends before the economy improves.

Summary Of Changes for Sacramento County
	Week of 2010-11-27	Since 2010-11-20			Since 2009-11-28
		Direction	#	%	Direction	#	%
Inventory	7751		-329	-4.10%		981	14.49%
Median Asking Price	$169000		$3100	1.899%		-$20000	-10.6%
Average Asking Price	$200939		$468	0.200%		-$39794	-16.5%
Average Asking Price Per SQFT	$122		$0	0%		-$17	-12.1%
SIT Inventory	3443		-118	-3.30%		435	14.49%
FIT Inventory	542		-38	-6.60%		-53	-8.90%
New Listings	591		-400	-40.4%		181	44.10%
Price Drops	377		-286	-43.1%		161	74.5%
Price Increases	29		1	3.599%		1	3.599%

Four County Inventory Levels

Inventory on 2010-11-27: 12002

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)