News articles during the boom mentioned that rental apartments became scarce as they were converted to more profitable condos. Now that the boom is busting....will condos be converted back? Since I went to the trouble yesterday to gather inventory twice (once with condos and multifamily included, and again with only single family homes), I figured I would post the result.
However I don't plan to track this regularly.
Below is the same data from yesterday, however the column on the right is the percentage of current inventory that is either condo or multi-family home. For instance, Downtown Sac (95814) is overwhelmingly condo/multi-family.
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2 comments:
You might as well publish the "together" stat as Sac RE Stats does.
Many higher end (above $200K) condos end up in the SFR area of MLS even though MLS has a special code for multi family - condo is with SFR. Its all inventory.
Dilemma is, I use the inventory to compare with the SacBee Dataquick resale data which is only SFH.
If the inventory is higher, then it inflates the month's inventory. So I am going to try to be consistent and compare SFH sales to SFH inventory. There are some new home sales in the MLS, ans FSBOs outside....so hopfully it will balance out.
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