Sacramento Housing in July: Sales up Slightly YoY, Active Inventory down 18% YoY

During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For several years, not much changed. But in 2012 and 2013, we saw some significant changes with a dramatic shift from distressed sales to more normal equity sales. Note: The Sacramento Association of REALTORS® started breaking out REOs in May 2008, and short sales in June 2009. In July, total sales were up 0.7% from July 2016, and conventional equity sales were up 5.0% compared to the same month last year. In July, 2.4% of all resales were distressed......(read more)

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