Sacramento County Condo Market Update

135 condos sold in Sacramento county in the month of July, up from June. Prices fell to $125,000 from last month's $135,000.

130 condos went pending sale, the same as last month! Inventory is up again to 624.

Interestingly enough, I think the lackadaisical response of most home buyers to condos is partly because single family homes are so inexpensive. In my opinion, condos will trail behind single family sales for a while. Especially in Sacramento, we see people buying condos when they can no longer afford houses.

Whether the downtown projects to make upscale condos succeed is yet to be seen.