The Yuba-Sutter area continues to see rather steady sales numbers in real estate. While the number of new listings each week (and those coming back onto the market) varies noticeably, the overall average continues to keep pace with the sales.
We are also seeing less price reductions. Are new listings coming to market better priced? We think so. And those that are priced on the higher side have time to wait for the buyer willing to go the extra price to get what they want.
Recent announcements that interest rates are not likely to increase for the next few weeks have helped maintain consumer confidence in the market. While the prime may be stabilizing a bit, we think the government’s pulling support from (or less buying of) real estate bonds might cause a wait-and-see attitude from investors in the short term.
As in the past, just click any of the numbers below to get a full report of the homes in that category.
Week ending |
Newly Listed |
Back on Market | Price Increase |
Price Lowered |
Under Contract |
Closed |
11-Jan | 63 | 19 | 0 | 28 | 70 | 31 |