Sacramento Real Estate Market Data and Statictics

I am posting statistics for home sales in the Sacramento area so you can see how the market is. Words only go so far, while numbers tell you the hard facts. I have for you the market sales data by zip code in Sacramento County. Please click on the following link for the market data:

http://www.sacramentohomesandcondos.com/Nav.aspx/Page=%2fPageManager%2fDefault.aspx%2fPageID%3d2040839


The number of homes on the market is definitely going up. This is due mostly in part to the foreclosures that resulted from the sub prime loans that are becoming adjustable. Once the loans become adjustable, the payments shoot up so much that the owners can't afford the payments. One solution would be to refinance, but most people obtained 100% loans and the homes are not worth what they paid for, so they can't refinance. This gives them two choices. Sell it as a short sale, getting the bank to accept less than what the owners owe. The other choice is to do nothing, stop paying the bank, and let the home go to foreclosure.