Sacramento Housing in November: Sales down 3% YoY, Active Inventory up 8% 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 November, total sales were down 2.6% from November 2016, and conventional equity sales were up 1.7% compared to the same month last year. In November, 2.3% of all resales......(read more)

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