West Sacramento Market Statitics May 2009

The city of West Sacramento has seen a dramatic decrease in inventory from May 2008 to May 2009.  May 2008 saw 249 homes for sale while the same period this year there were only 98 homes for sale.  The number of sold homes May 2008 was 67 and there were 89 sales pending that month.  In May 2009 67 homes were pending and 50 sold.  Part of the decrease in inventory is due to banks taking more time to complete the foreclosure process. Prices declined during this 12 month period from an average sales price of $285,000 in May 2008 to $236,000 in May 2009.

The state of California recently enacted a moratorium or a suspension on new foreclosures that will slow the foreclosure process even more.  This does not affect homes that were already in the foreclosure process but does slow the pipeline of new homes where owners are not currently making payments.

Search specifically for foreclosures in West Sacramento or you can search all homes for sale in West Sacramento at either Discover Davis Homes or Discover Sacramento Homes. 

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