Sacramento Real Estate Statistics: Condo Market

Yesterday, I posted Sacramento county's single family residence statistics. Here are the latest numbers for January 2008 for condos:

There seems to be a certain amount of agreement with the number of pending sales in both single family homes and condos - both have gone up. And it's not just personal experience any more that we're seeing more people wanting to buy homes for themselves and investment purposes now that prices have fallen so low. I hear this phrase again and again: "I don't want to miss out on this market!"

So, about the condos:

We have 733 on the market currently. Going by January's sold numbers, that's 18.7 months of inventory. But wait... a whopping 93 went pending sale in January 2008. Since condos are cheaper than single family residences, investors are looking toward them for purchase a lot more.

195 new listings for condos came on the Sacramento market in January 2008.

Median price has now fallen to $143,000.

Follow the trends: December's numbers for Sacramento county condos; November's numbers for Sacramento county condos; Sacramento real estate market statistics for October.

Want to know what your house is worth? Click here for a free market analysis!