Thursday, December 11th, 2008FOR IMMEDIATE RELEASE: December 11, 2008
(RESIDENTIAL RESALE STATISTICS November 2008)
After a bout of increased sales driven by the abundant REO properties in recent months, the Sacramento Housing Market recorded a moderate decline in sales for the month of November. 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.
November ended with 1,716 total closed escrows, an 18.4% decrease from the 2,103 sales recorded for October. Although down month-to-month, November 2008 sales reflect a 110.8% increase over the 814 closed escrows of the same month one year ago.
Continue reading: Autumn Months Show Decreased Sales, Median Price
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