Sacramento Real Estate Report for May 2009

The Real Estate numbers for Sacramento County look very similar to April.  However,  56 fewer homes sold May 2009 than in April 2009.   The average sold price did go up a tad from April at $190,321 to May’s average sold price of $199,796.

With the moratorium on foreclosures, we really aren’t getting a clear picture of real estate, right now.  I believe that in the coming months there will be quite a bit more inventory.  In the meantime, Short Sales are the main game in town.

As of the day of writing this article there are 3,651 Short Sales on the market for sale, 2,240 regular home sales and only 588 bank owned foreclosed homes for sale.

The longer we put off getting through the Foreclosures, the longer it will take to get our economy back on track.  I was hoping we would be in a recovery but unfortunately, we have a way to go, yet.

Be sure to take a look at the home sales report that is waiting for you by clicking on Neighborhood  Market Statistics.  Each month I provide the home sales number for single family houses that were for sale and that sold along with the average sold price. Be sure to check out your neighborhood by zip code each month for real estate home sales.

Sacramento County as a whole for May 2009

5, 065  homes were for sale

$285,348 Average Price for a home for sale

1858 was the Average Square Footage of a house for sale

 

2,882 homes received an offer where the seller accepted the price and terms of the offer

1,672 homes SOLD

$199,796 was the average SOLD price for a home in May 2009

1,691 was the average square footage of a home SOLD in May 2009

Now, click and check out how many homes sold were you live at the Real Estate Market Report.

All Sacramento bank owned homes for sale - These are homes all over the entire Sacramento County from highest to lowest.

All Sacramento Short Sales for sale - These are homes are over Sacramento County from highest price to lowest price.

All Sacramento homes for sale - These are “regular home sales, not REO, Bank Owned or Short Sale.

Be sure to check out the cities in Sacramento County for a breakdown of the real estate maket report by neighborhood each month.  This report includes homes for sale in the following cities:

• Carmichael
• Curtis Park
• Citrus Heights
• Elk Grove
• Fair Oaks
• Folsom
• Galt
• Mather
• North Highlands
• Orangevale
• Rancho Cordova
• Rio Linda
• Rancho Murieta
• Downtown Sacramento
• Midtown Sacramento
• East Sacramento
• Arden Arcade
• South Land Park
• Greenhaven
• Rosemont
• Gold River
• College Greens
• Natomas
• Foothill Fams
• Antelope
• Wilton

If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.

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 . If you have a real estate question that you would like an answer to, be sure to check out 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  

Other Sacramento Real Estate Market Reports:

Sacramento County Real Estate Market Report - April 2009

Sacramento March 2009 Real Estate Report 

Sacramento County Real Estate - February 2009 Report

Sacramento Real Estate Market Report January 2009