Sacramento Home Sales for August 2007
September 7th, 2007 categories: Real Estate Market, Sacramento County, Sacramento RE Stats
August 2007 Home Sales for Sacramento County are here.
The chart to the left is a comparison of Homes Sold for the months of October 2006 through August 2007 for Sacramento County Residential Single Family Home Sales.
By clicking on the chart you will be redirected to the breakdown for each City/Community in Sacramento County where the homes for sale, the homes in pending sale and the sold homes for each City are tabulated along with the average home prices and days on the market.
As you can see from the chart above comparing October 2006 Real Estate Sales of 1,067 residential homes being sold to August of 2007 with only 775 residential homes sold in all of Sacramento County. It has been a steady slow decline in the amount of homes that have sold in Sacramento County.
However, it has been a steady incline as the the home for sale. So, when you look at the bigger picture with 10,049 homes actively for sale and only 775 homes sold…the picture doesn’t look very good. If you, as a homeowner don’t “have to” sell your house, you shouldn’t be on the market right now. It’s the old supply and demand theory. Think about it.
What it should be saying to each and everyone of the Sellers is…if you don’t have to sell you shouldn’t be on the market right now. There are way too many homes for sale, in my opinion.
In the past, my stats have been specific to that particular month and not included any homes for sale that did not sell and tagged on to the following month. In the future, my stats will include all active homes for sale not just those that came on the market for that particular month.
For general information about Sacramento County as a whole, here are the Real Estate Market Statistics for Single Family Residential Homes:
For the Month of August 2007
10,049 Homes were actively For Sale
$390,853 was the Average Price for a House
78 Days on the Market was the Average
1,205 Homes went into Pending Sale
$360,917 was the Average Price for a House in Pending Sale
64 Days on the Market Before Receiving an Offer
775 Homes Sold
$364,909 was the Average Sold Price
61 Days on the Market for Homes to Sell
The following Real Estate Market Statistics are for Condominiums in Sacramento County:
For the Month of August 2007
872 Condos For Sale
$236,848 was the Average Price for a Condo
77 Days on the Market for the Average Condo
94 Condos received an Offer and were in Pending Sale
$262,909 was the Average Price for a Condo
63 Days on the Market before receiving an Offer
74 Condos Sold
$230,036 was the Average Sold Price for a Condo
73 Days on the Market until Sold
Don’t forget to check out the City that you live in or think you might like to buy a home or relocate to for the Real Estate Market Statistics for that area by clicking Sacramento County Real Estate Market Statistics for August 2007.
Prior Real Estate Statistics:
Sacramento Real Estate Home Sales for July 2007
Home Sales in Sacramento County for June 2007
Sacramento Home Sales Report for May 2007
Sacramento Real Estate Home Sales for April 2007
March 2007 Sacramento Home Sales Report
February 2007 Sacramento Real Estate Market
January 2007 Home Sale Report For Sacramento Real Estate
What Sold in Sacramento County in December
November Real Estate Market Stats For Sacramento County By City
Sacramento County Market Statistics For October 2006 By City
Sacramento County Statistics By City 10–19–06
Sacramento Real Estate Statistics For Five Years
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