News, insight and some thoughts about the Sacramento-area real estate market

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May 19, 2008

Region's home sales reach highest mark since June 2007

Months and months of free-falling prices and increasing numbers of discounted bank-owned homes are clearly bringing buyers back into the real estate market.

DataQuick's monthly sales numbers are in this morning for April and they show 3,163 closed escrows during the month - the most since 3,217 last June.

Sacramento County is the center of the action. DataQuick is reporting a 26.3 percent increase in sales over the same month last year.

It is the first time in 37 months (since March 2005) to see a rise in year-over-year sales instead of a decline.

We'll have more details online this morning. Meanwhile here is the monthly stats chart from DataQuick, a real estate property research firm in La Jolla.