DataQuick released its numbers today and they show new and exising home sales are up 41.6 percent in August from the same time last year. This includes homes in Sacramento, Yolo, Placer and El Dorado Counties. Don't believe me? I can hear those skeptics who think that the Sacramento housing market is crumbling around us nay-saying reports of rising sales. You can read it here in the Sacramento Business Journal. The number of closed sales as compared to July dropped slightly, but still, the year-over-year closed sales are doing almost twice as well. That's comforting news is a world filled with otherwise terrible economic news.
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Certified HAFA Specialist
My Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
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Elizabeth- That is such encouraging news. I think that next year, we will begin to see things in the financial world become more stabilized. Housing inventory will begin to clear, and prices will likely stabilize, and values possibly increase. We can certainly keep our fingers crossed between now and then.
What? 46.1% up? Wow, what a market. Are you, guys, in the same hemisphere? Do yu have a tini corner in your office?
41% Well, if that don't put a spring in your step nothing well.
seems everyone is seeing good things...
Elizabeth: That is great news. A positive from year to year. I think my County is down about that same amount year to year. You better believe I'll be blogging about it's ascension when it finally stops dropping.
Elizabeth - Home sales up 41.6% is great news! Things are looking up...! :)
Elizabeth - that is great news . . . 41.6 is a significant percentage.
Wow! Elizabeth that's great news! I will keep coming back to live vicariously through you and your market ;-)
Hi Myrl: I remain cautious, though.
Hi Jon: You can come to work at Lyon. Come on over.
Hi Thesa: Everybody? Who else?
Hi Chris: Your market will eventually turnaround, too.
Hi Debi: It's yay and yay.
Hi Sharon: It's been year-over-year in double figures for a while now.
Hi Colleen: Doesn't Washington follow California, sooner or later?