In November 2007 Sacramento condos gave a few of us hope. In December though, prices have fallen again, although sales and pending numbers remain the same. I guess it's really what you choose to focus on.
Anyway, here are the numbers:
Total condos sold: 57
Total condos in escrow in December: 61
145 more condos came on the Sacramento county market in December.
There are a total of 755 condos still on the market.
Median price fell to $185,000 from last month's high of $228,700 - a drop of 19%
Please note these numbers have not been seasonally adjusted. Some month to month change occurs regardless of the market, influenced by conditions like the weather, holidays and so on.
Tuesday, January 8, 2008
Sacramento County Condo Market Update
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