The reports keep arriving today. The Sacramento Association of Realtors released its April closed escrow numbers, showing a 35.6 percent jump over March. More impressive, escrow closings are up 68.4 percent over the same time last year.
What jumped out to me was that 35.3 percent of sales were for homes priced below $200,000 and 55.8 percent of sales were for prices below $250,000.
This is certainly a market being ruled by bank-owned homes.
Here is the Sacramento Association of Realtors press release and here are the statistics.
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