I have heard those in the real estate profession claim that sale are up (implying that the market is on its way back), but as you can see from the charts below, they are nowhere near historical levels. Last year was a terrible year, so the fact that sales may be higher than last year is setting a really low bar. This is precisely why I like to get a broader historical perspective on the data.
Housing Tracker is showing a lot of stickiness at the 75% asking price range for the Sac Metro Area.
2 comments:
The Folsom Jun08 looks almost identical to Folsom Jun03.
BT, I couldn't find the DQ data by zip on Sacbee's web site either, but DQ posted it last week:
http://www.dqnews.com/Charts/Monthly-Charts/Sac-Bee-Charts/ZIPSACB.aspx
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