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Weekly Solano Real Estate Report For Aug. 24: Vallejo No Longer Has The Most Listings
August 24th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
For the first time this year, a city other than Vallejo has the most active listings in Solano County.
The new leader: Fairfield, which saw its supply increase last week while Vallejo’s dropped yet again. So not only does Vallejo have just the second highest total in the county for the first time in 2009, but only four active listings separate it from Vacaville.
For the record, the current inventory of homes in our Solano market area looks like this:
- Fairfield — 220
- Vallejo — 218
- Vacaville — 214
- Benicia — 88
- Suisun City — 58
Back on Jan. 12, it looked like this:
- Vallejo — 899
- Fairfield — 719
- Vacaville — 425
- Suisun City — 240
- Benicia — 105
It’s hard to believe that earlier this year, Vallejo had 180 more listings than Fairfield. Or that in early January, Vallejo had 474 more listings than Vacaville. Unbelievable!
As I noted last week, the number of sales has started to drop off due to the lack of new inventory. The lack of new REO listings coupled with the high demand — plus the reluctance of many traditional sellers to put their homes on the market due to today’s lower prices — has started to create a housing shortage…something that would have seemed unthinkable just a few short months ago.
To read this week’s Solano Real Estate Report see how much the inventory has dropped on a weekly basis as well as the number of weekly closed and pending sales, Click Here.
Our Solano County Real Estate Sales Report appears on HomeSection.com weekly — it’s usually posted on Monday or Tuesday.
Related Links
- Are We In An Artificial Boom Market?
- Benicia Home Sales — July ‘09
- Vallejo Home Sales — July ‘09
- Monthly Solano Real Estate Report – July ‘09
- 2nd Qtr Solano County Home Sale Statistics
- Monthly Solano Real Estate Report – June ‘09
- Monthly Solano Real Estate Report – May ‘09
- When Were Prices Last This Low?
- See The Latest Market Update
