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Thought I would share with the Sacramento readers an absorption chart this month. The chart to the right shows how long it will take to sell a house in the Sacramento County area given the past history of 12 months, 6 months and 3 months worth of home sales.
As you can see the chart is indicating under a four month supply of homes on the market which typically would signal a Seller’s market.
Due to the banks holding back foreclosed homes and not putting them on the market, this is skewing the typical analysis, in my opinion. Time will tell.
In Sacramento County for the month of April 2009:
- 6,657 Homes For Sale
- 1,728 Homes Sold
- $190,321 Average Sold Price
- 1,661 Average Square Footage
- 81 Average Days on the Market
- Homes sold at 96.47% of the List Price
- With this current figure and today’s current active listings of 9,034, this means there is 22.7 weeks of inventory on the market right now
Each month, usually by the end of the first week of the month, I post the home sales report by zip code prior to writing a detailed report such as this one. Take a look at the home sales in your neighborhood by clicking on Neighborhood/County Market Statistics which is directly under the header of this blog. You may chose the month or year you wish to compare.
Click to see All Sacramento Bank Owned Foreclosed Homes for Sale
Click to see All Sacramento Homes for Sale (NOT foreclosed homes and NOT Short Sale- TRADITIONAL)
Click to see ONLY Sacramento Short Sale Homes for Sale
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Click Sacramento MLS where you can pick any community or city around Sacramento and see homes for sale or simply click on the search icon and pick the area you are interested in finding a home or condo for sale in 
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Other Sacramento Real Estate Market Reports:
Sacramento March 2009 Real Estate Report
Sacramento County Real Estate - February 2009 Report
