We're #1 (Again)

Sacramento edged out Phoenix to reclaim its crown of housing market with the highest precentage of price reductions, according to the Bubble Markets Inventory Tracking blog.

We now see almost 4 out of 10 listings in Sacramento with price reductions, and remember, this is not counting the ones that reduce their price when they re-list following a 60-90 days sales contract...Looks like Sacramento is taking the gold this time for being the most bubblicious region.

Sacramento Metro:1/30: 30.5%---> 6/13: 39.7%