Here’s a quick update to highlight some monthly real estate figures in Sacramento County from January through April 2013. In a nutshell, we are seeing less foreclosures, the same amount of cash as Q4 2012 (but up 5% from one year ago), and fairly steady levels of FHA and conventional loans. For reference, we saw about 18% less sales during the first four months of 2013 compared to 2012. You can get a more in-depth context for the market in a previous post, Tour de Sacramento Real Estate.
What stands out to you? What are you seeing in the trenches?
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[…] of the biggest distinctions is the whopping sum of 65% cash sales among condominiums compared to 38% cash purchases in the overall single family market. Moreover, it’s interesting to note that over 50% of condo sales have been cash purchases for […]