Sacramento Housing in December: Sales down 8% YoY, Active Inventory up 8% YoY

Note: I'm going to retire the graph below.  The purpose was to see when the market shifted from distressed sales to more conventional 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.  Now almost all of the sales are conventional equity sales. Note: The Sacramento Association of REALTORS® started breaking out REOs in May 2008, and short sales in June 2009. In December, total sales were down 8.0% from December 2016, and conventional equity sales......(read more)

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