Keep it Real in Sacramento

According to the latest Trendgraphix analysis, “Savvy buyers take advantage of record inventory.”  The report is more encouraging than I had expected with the last two weeks of August virtually dead for me and most of my colleagues.  Take a look at my column at Rocklin & Roseville Today, “August Results Look Encouraging,” to get overview of what the report detailed or take a look at the September 18 press release on my website, www.jalone.com.

According to testimony submitted by the National Association of Realtors at a recent Senate Banking Committee hearing on the economy the NAR president, Tom Stevens, said, “After five years of outstanding growth, the housing market is undergoing a period of adjustment and becoming more and more of a balanced market between buyers and sellers.”   For more details and some specific predictions see my column at Rocklin & Roseville Today, “Realtor Forecast is Down.”

Today is Chocolate Day in honor of Milton Hershey’s birthday on September 13, 1857.  Milton was the founder of Hershey Chocolate.  Having something chocolate today does not sound like a bad idea! 

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With the fifth anniversary of September 11, 2001, many of us still struggle to come to terms with that fateful day and how it changed our lives and continues to impact Americans every day.  Some have made peace; some have found hope or causes to follow; while others still struggle with the why and when it may happen again.

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I can feel a new energy level in the air as well as smell the smoke from the Ralston fire!  My column today at Roseville & Rocklin Today is about inventory levels and some increased activity in our local real estate market.  With Labor Day behind us we are starting to see inventory growth slow down and actually start dropping.   Take a look at the column by following this link.  If you do, please leave a comment or shoot me an email, I would love to have some feedback.

I found some early August results for Sacramento County.  According to MLS the median price paid was $404,062 which is down 3.9 percent form last August median of $380,000.  The volume of sales declined dramatically, down 52.5 percent to 1,130 homes sold.  In August the per square foot sold price was down 2.8 percent.  Of note is the rapid increase in the number of expired listings.  This August 1,085 listing expired compared to 346 last year and almost equaled the number of homes sold.

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