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Resale Housing Inventory At Three Month Low

 
  

Research firm TrendGraphix says it marked the lowest supply level in the four-county region since early August.

Pat Shea is with Lyon Real Estate in Sacramento:

"It means that it's still a pretty solid seller's market within reason. Any home that's priced right and marketed properly and is in good condition should sell at pretty close to the listing price."

The TrendGraphix report also shows that the median sales price in November was $280,000, up 27% from a year ago.

Shea predicts home values in Sacramento, Yolo, Placer and El Dorado counties will go up by another 5% to 10% in the new year because of the low resale inventory and because there isn't much new housing construction going on in the region.

Steve Milne

Morning Edition Anchor & Reporter

Steve is the voice of Capital Public Radio News as anchor of Morning Edition and Insight. He covers stories on a wide range of topics including: business, education, real estate, agriculture and music. Steve also produced stories for CapRadio.org.   Read Full Bio