Homes Sales in California Up Again

According to the California Association of Realtors® (CAR®) we hit a 7 month high in December.  This is an increase of 5.9% over November’s adjusted figures, but down 6.8% from last year’s December report. 

The unsold inventory also declined to 5 months in December from 6.2 months in November.  Again, last December showed slightly better at only 3.8 months.  The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.

$ Source: Los Angeles Businessð

The impact for our area?  This inventory is important because it is a major price driver.  While we do have areas with high REO (bank owned) properties, that inventory is decreasing.  We believe the banks are also monitoring the rate at which they foreclose on homes so the market is not flooded again, driving the price down rapidly.

For ALL your real estate related needs and/or questions call ((530 315-2808) or visit us8 on line at or any of the links below.  Please note: all visits to our sites are secure AND confidential.  We do NOT track your activity!

Subscribe to Listings Updates           Free Home Warranty

                  Search the MLS                                     Discussions & News 

 Home Rescue Group               Free Home Market Analysis  

             Yuba-Sutter Real Estate Today

Leave a Reply