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Sacramento single family homes market stats are ready. The homes sold in 2008 for each month 
is shown in the chart below and as you can see we had a steady increase in home sales for most of 2008. The month of December picked up from November with 1,891 homes throughout the Sacramento County area sold. The average sold price of a home in Sacramento County was $198,919 and the average list price was $200,719 taking an average of 45 days to sell.
There is 4.2 months worth of inventory over the past year with 1.9 months of foreclosure inventory.
Today in January 2009, there are 6,627 active listings on the market for sale for an average of $261,213.
The chart to the left shows the last 11 years of single family home sales from 1998 through 2008. This chart clearly shows 2007 as the worst year Sacramento has experienced in an eleven year period. 2008 was the year of the come-back for Sacramento, CA real estate.
Now, with interest rates at an all time low, home buyers and investors will find 2009 to be one of the best times to buy a house or condo.
Each month I try very hard in between helping new home buyers and sellers to tabulate the home sales for each of the areas in Sacramento County by zip code. Obviously, the home sales report is not ready to enter until the following month, typically no later than the 2nd week of the month.
Just click Neighborhood County Market Statistics and chose the County in CA that you are interested in looking at as well as the month and year. There you will find cities and communities like Carmichael, Citrus Heights, Elk Grove, Fair Oaks, Folsom, Galt, Mather, North Highlands, Orangevale, Rancho Cordova, Gold River, Rio Linda, Rancho Murieta, Downtown Sacramento, Midtown Sacramento, Arden Arcade, Land Park, Curtis Park, Elder Creek, Fruitridge, South Land Park, Greenhaven, Franklin, Freeport, Rosemont, College Greens, Mayhew, Florin, Natomas, Del Paso Heights, Antelope and Wilton. Each one of those communities have the real estate market statistics each month for single family homes for sale, in pending sale and sold homes.
To sum up, we all know the economy is the worst it’s ever been and foreclosures are at an all time high but on the positive side, this market has opened up for new home buyers and investors who can now purchase homes and condos. As evidenced by the graphs and home sales you can see that real estate is alive and kicking! Homes are selling and I predict that 2009 will be even better.
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and read what other home buyers and home sellers have asked and feel free to ask your Real Estate question by email. Perhaps, your question will be part of the next article featured on Sacramento REAL Estate Voice. Just ask the Realtor, Gena Riede.
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 
.
For a look at all Sacramento Real Estate Market Reports:
