Sacramento County Statistics January 2008

Here are the latest numbers on single family residences from the Metrolist MLS:

January was a slow month in terms of sales and disappointing as the median price dropped another 9.4% over December's median sale price to $255,000.

2523 units came on the market as new listings in January in Sacramento county now bringing single home inventory to 9042, about 11.9 months of unsold homes.

The silver lining? 1209 homes went pending in January 2008, 16.8% higher than December's numbers. Perhaps this fall in homes has inspired many to head out - first time buyers and investors alike.

Check the trends: December's numbers for Sacramento real estate; November's Sacramento real estate statistics; October's numbers.

Also read: Population Projections for Sacramento; Statistics and How to Read Them

Tomorrow, I'll have statistics for Sacramento condos. Be sure to check back!