Market Report for Carmichael California - Is the market stabilizing?
By Susan Neal, Fair Oaks CA & Sacramento Area Real Estate Broker
(RE/MAX Gold, Fair Oaks)
It has been my experience that the most popular size of home selling right now in Carmichael, California is between 1500 and 2100 square feet. With that in mind, I prepared some graphs depicting the market in that size range, covering the period between September 2008 and November 2009. The first graph tells the story of the inventory in Carmichael, showing the number of homes for sale each month, the number of homes sold (escrow closed), and the number of homes pended (in escrow). You can see that while September through November 2008 the number of homes sold was a very small number compared to the amount of listed inventory, those figures are changing, and for the last couple of months, inventory is way down and sales are up. This shows a market that is stabilizing. The second grap...
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