Janelle Fallan 
Thursday, October 16th, 2008
FOR IMMEDIATE RELEASE: October 16, 2008
(RESIDENTIAL RESALE STATISTICS September 2008)
The local housing market activity has produced some interesting results despite the current condition of the national economy. The following information, compiled by the Sacramento Association of REALTORS®, is collected from the MetroList® multiple listing services and covers Sacramento County and the City of West Sacramento.
The month of September showed a total of 2,020 closed escrows, an 8% increase over the 1,814 home sales in August. This month’s level of closed escrows marks the first time monthly home sales have been above 2,000 since August 2005, where sales topped out at 2,052. When compared to the same month last year, this month’s 2,020 sales mark a staggering 185.7% increase over the 707 closed escrows in September 2007.
Continue reading: Highest Number of Closed Escrows Since August 2005, Lowest Median Price Since May 2002
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