Price Reduced: Growing Trend in Sacramento?
Damon over at the Walk-Through blog has this tidbit about the Sacramento housing market. A new tool from ZipRealty.com shows that 30.5% of listed homes in the Sacramento metro real estate market have been reduced in price.
That number puts the Sacramento area first in a list of nine regions posted at the Bubble Markets Inventory Tracking blog.
1 comment:
I usually check Yahoo real estate for my neighborhood (El Dorado Hills).
Inventory had been rising steadily into Dec 2005, then started dropping steadily into Feb 2006.
I checked the # homes for sale yesterday and it was 307. Today it is 335. Looks like re-listing, or is this post-superbowl rush to exit by speculators?
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