Wednesday, July 12, 2006

June MLS Sales Dive 52%, Depreciation Reported

John, over at the Sacramento Real Estate blog has some early MLS numbers for June.

June’s real estate market in Sacramento county has shown considerable slowing from last year, with a slight depreciation in home values. 1216 residential units sold through the MLS in June, down 51.7% from last year. Meantime, the number of expireds was up 391%, from 188 last June to 923 this June. Together, these two figures gave us a tenfold increase in the expired to sold ratio, from 7.5% last June to 75.9% this June. Inventory is currently at 8.4 months.
Read the entire post.

11 comments:

happy in SF said...

the Sac Bee spams me all the time, I found this one to be pretty sad:

"The sky's the limit at this once-in-a-lifetime Woodbury Glen Skydiving Event where nine professional skydivers will jump from over 13,000 feet! You won't want to miss this exhilarating and informative event! We are taking the fear out of purchasing a new home by providing free loan consultations and credit analysis from Family Lending, free market-analysis of your existing home from Cobblestone Real Estate, an informative seminar on staging your existing home for sale from "We Stage", on-site design consultants to assist you in incorporating your personal design style and incentive packages worth up to $75,000."

Freakin' skydivers??

drwende said...

I'm having terrible, evil thoughts about the symbolism involved if -- heaven forbid! -- there was a skydiving accident that day.

Yeah, the pace of SacBee real estate spam has picked up lately. It used to be one a month or so, and now some weeks I get two or three.

Agent Bubble said...

Just got this, and have to share it...

http://www.rogershomes.net/temp/hbubble.jpg

Happy Renter said...

divot maker,
There are T-shirts available for that, it's been around for about a year now.

Agent Bubble said...

My apologies then.

Anonymous said...

Where can one find those Tshirts for sale!

Happy Renter said...

T- shirt source

http://www.t-shirthumor.com/Merchant2/products/hbbl.html?Category_Code=newr

Anonymous said...

Thanks divotmaker and happy renter!

Anonymous said...

I like this one better.
http://patrick.net/housing/MrHousingBubble2.gif

David said...

I love the euphamism like 'slowing' to describe the market. What BS.

smoggiebakersfield said...

I can't see to many LA commuters driving from Bakersfield to their long distance jobs for much longer. Round trip your looking at 230 miles plus traffic jam idle time. Oil at $78.00 a barrel equates to around $3.70 a gallon here. Lately I have noticed some Caravans i.e' carpoolers chugging down the I-5. They must be getting
desperate. Some are moving back home already...Good riddance.