Monday, November 12th, 2007FOR IMMEDIATE RELEASE: November 12, 2007
(RESIDENTIAL RESALE STATISTICS FOR October 2007)
The Sacramento residential resale market showed a slight increase for the month of October, 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 edged up 8.9% to 770 homes compared to 707 homes sold in September. When compared to the same month last year, however, October showed an expected decrease of sales, staying 28.4% below the 1,075 homes sold in October 2006. New escrows increased significantly to 1,221 in October, 34.0% higher than last month’s 911.
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