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Posts Tagged ‘Realtors’

Home sales, prices fell last month in Sacramento County

Saturday, October 10th, 2009

Sales and sale prices of existing single-family homes were down in September in Sacramento County and West Sacramento,

The Sacramento Association of Realtors reports that 1,631 single-family homes were sold last month, down 3.1 percent from 1,683 homes sold in August. The September number is a decrease of 19.3 percent from September of 2008, when 2,020 homes were sold.

The median price for existing single-family homes sold in September was $183,000, a decrease of 3.7 percent from the median of $190,000 in August, and down 6.1 percent from $194,950 in September 2008.

Condominium sales were up slightly from last September. A total of 115 condos were sold in Sacramento County and West Sacramento last month, up 5.5 percent from September 2008, when 109 condos were sold. In August, however, 118 condos were sold, 2.5 percent more than in September.

The median sale price of a condo in September was $90,000, down 3.5 percent from $93,300 in August and 19.6 percent from $112,000 last September.

Realtors say home sales rose 12 percent in state

Wednesday, August 26th, 2009

The California Association of Realtors’ latest report of monthly home sales offered a mixed bag.

CAR said Tuesday that statewide home sales increased 12 percent in July compared with July 2008, while the median price of an existing home declined 19.6 percent.

It was the 11th straight month that existing home sales outperformed sales in the year-ago period. And while median prices were down compared with last year, they rose for the fifth straight month this year.

“The federal tax credit for first-time buyers played a critical role,” said James Liptak, CAR president. “Nearly 40 percent of first-time buyers said they would not have purchased a home if the tax credit was not offered.”

In the Sacramento region, the median home price in July was $183,840, down 16.1 percent from a year ago, according to CAR. July home sales in the region were down 6.7 percent from a year ago, but up 6 percent over June.