Placer Inventory at Highest Level Since at Least 1997

The Sacramento Business Journal has some March MLS data for the Placer County housing market.

The association also reported more than 2,210 homes were on the market, more than double the figure in March 2005. The county has the most homes on the market since January 1997, the oldest historical data released, and the fourth month to top 2,000 homes in the past seven months.

The listing service reported 389 existing homes sold last month in the county, much better than the 245 homes each in January and February, but far from the 507 in March 2005 -- and the slowest for that month in three years.