Thursday, March 12th, 2009(RESIDENTIAL RESALE STATISTICS February 2009)
FOR IMMEDIATE RELEASE: March 12, 2009
Following a record-breaking January, February continues a trend of high sales, reaching 1,575 closed escrows. This data, 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 1,575 sales in February is a 2.1% increase over the 1,542 sales last month. Compared year-over-year, the current data marks an 81% increase over the 870 home sales of February 2008. Distressed and bank-owned properties continue to make up a majority of the Sacramento market, with 1,171 REO properties sold in February – over 74% of all sales.
Continue reading: Single Family Home and Condo Sales Increase, Median Price Inches Downward
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