Is the real estate market improving? While I’m not overly optimistic about the economy, it’s good to see a general trend throughout the market as seen in the table below. The percentage of foreclosures in the Sacramento area has seen a decrease over the past few years, while the level of short sales has seen an increase. Moreover, the overall percentage of distressed sales has seen a decline too.
What do you think this means?
The following graph was added as a result of a great question by Jeff in the comments section. “What were property values doing during this time?” was the question asked. It looks like the 95757 zip code has seen a clear decline in property value over the past three years. Yet at the same time it’s important to note the rate of decline has slowed down from previous years.