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Consumers Contemplate Credit Crunch; Buyers Have Many Choices

FOR IMMEDIATE RELEASE: October 12, 2007
(RESIDENTIAL RESALE STATISTICS FOR September 2007)

The Sacramento residential resale market remained slow for the month of September, presenting some great opportunities for buyers, according to data from the Sacramento Association of REALTORS® and MetroList® multiple listing service covering Sacramento County and the City of West Sacramento.

Closed escrows were down 21.6% to 707 homes compared to 902 homes sold in August. September remained well below last year’s sales, showing a significant difference from September 2006 by staying 36.1% below last year’s 1,106 homes sold. New escrows decreased 9.5% from 1,007 new escrows in August to 911 in September.

Continue reading: Consumers Contemplate Credit Crunch; Buyers Have Many Choices