• Sacramento Housing in September: Sales down 5% YoY, Active Inventory down 5% YoY

    10 days ago - By Calculated Risk

    During the recession, I started following the Sacramento market to look for changes in the mix of houses sold. 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 September, total sales were down 5.3% from September 2016, and conventional equity sales were down 1.0% compared to the same month last year.
    In September, 2.2% of all resales were distressed sales. This...
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