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Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

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Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales declined to 6,403 from 7,070 in December 2017. Sales were down 1.7% from November, and down 9.4% from December 2017....
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Sacramento Housing in November: Sales Down 7% YoY, Active Inventory up 23% YoY

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Sacramento Housing in November: Sales Down 7% YoY, Active Inventory up 23% YoY

From SacRealtor.org: November 2018 Statistics – Sacramento Housing Market – Single Family Homes, Median sales price increases, sales volume drops November closed with 1,304 sales, a 9.3% decrease from the 1,413 sales of September. Compared to the same month last year (1,396), the current figure is down 6.6%. Of the 1,304 sales this month,...
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Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY

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Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY

During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For several years, not much changed. But in 2012 and 2013, we saw some significant changes with a dramatic shift from distressed sales to more normal equity sales. This data...
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Sacramento Housing in May: Total Sales down 11% Year-over-year, Equity Sales up 8%, Active Inventory increases 84%

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Sacramento Housing in May: Total Sales down 11% Year-over-year, Equity Sales up 8%, Active Inventory increases 84%

Several years ago I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales).  For a long time, not much changed. But over the last 2+ years we’ve seen some significant changes with a dramatic shift from foreclosures (REO: lender Real Estate Owned) to short sales, and...
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Sacramento Housing: Total Sales down 29% Year-over-year in November, Conventional Sales up 14%, Active Inventory increases 57%

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Sacramento Housing: Total Sales down 29% Year-over-year in November, Conventional Sales up 14%, Active Inventory increases 57%

Several years ago I started following the Sacramento market to look for changes in the mix of houses sold (conventional, REOs, and short sales).  For a long time, not much changed. But over the last 2 years we’ve seen some significant changes with a dramatic shift from foreclosures (REO: lender Real Estate Owned) to short sales, and...
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Sacramento: Conventional Sales up Sharply Year-over-year in August, Active Inventory increases 47% year-over-year

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Sacramento: Conventional Sales up Sharply Year-over-year in August, Active Inventory increases 47% year-over-year

Several years ago I started following the Sacramento market to look for changes in the mix of houses sold (conventional, REOs, and short sales).  For a long time, not much changed. But over the last 2 years we’ve seen some significant changes with a dramatic shift from foreclosures (REO: lender Real Estate Owned) to short sales, and...
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