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Home sales rallied somewhat in the Sacramento region in August, coming on the heels of a dismal July.
Figures released today by La Jolla researcher MDA DataQuick showed that Sacramento-area buyers claimed 3,223 new and existing houses in August, up from 2,958 in July but down from 3,375 in August 2009.
Analysts blamed the quietest July since 2007 on the expiration of government tax credits that had prodded thousands of buyers to act. Analysts said at the time that the remainder of the year was uncertain and might offer a mixed bag of results.
That was true of the figures released today.
In Sacramento County, for example, overall home purchases in August totaled 1,882, up 11 percent from 1,694 from July but down 8.7 percent from 2,061 August last year. New-home sales in Sacramento County totaled 82 in August, up from 62 in July but down from 128 in August last year.
In Placer County, 602 home sales in August topped the 572 reported in July and the 554 in August 2009.Read more: http://www.sacbee.com/2010/09/16/3034922/sacramento-area-home-sales-edge.html#ixzz0zjC6Sm2x
Cliff Cottam Insurance Services (CCIS)