Market Reports Oct 2008 Tri County Northern Ca.

Placer County, Sacramento County and El Dorado County Market Reports for Oct 2008

 

The Following Chart shows the Median Prices for the last year in the Tri-County area.

You can see that home prices have gone down by 41% and are stabilizing or flatting out- a good sign that prices are close to bottoming out. median-price-tri-county

Months Supply of Homes

 

There has been a decrease of 50% supply of homes over the last year. Also a good sign as we see home prices leveling out. Once the home inventory supply rate levels out and there are more buyers looking for homes, our market will stabilize. This Oct  there were 4.7 months supply of homes this year as compared to 9 months of supply the same time 2 years ago. marketsupply

Kathy Dyer Realtor CABRE #01723710

kdyer@KW.com  831-717-7047

KW Coastal Estates

Carmel Ca. 93923

Kathy Dyer Realtor with KW Coastal Estates serving the Monterey Peninsula area

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