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So Far This Year, Housing Supply Is WAY UP In Vallejo, Fairfield & Vacaville

April 1st, 2010 categories: Benicia, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo

Last year, I started tracking the housing inventory and sales activity in Solano County on a weekly basis and if you followed this blog in 2009, you know that for the year, the inventory was way down for every city in the county.Weekly Inventory Report Screenshot

This year, though, has been a completely different story so far — especially in Vallejo, Fairfield and Vacaville, where the supply of available homes (active listings on the MLS) has soared by up to 55% from where it was at the beginning of the year.

Look at the year-to-date percentage increases for each city in our Solano County market area:

  • Vallejo – Up 55%
  • Vacaville – Up 31%
  • Fairfield/Green Valley – Up 26%
  • Benicia – Up 9%
  • Suisun City – Up 5%

A Huge Jump, But Remember From Whence We Came

That’s a pretty huge increase in just three short months. To put things in perspective, though, you have to remember where we were in January, after a year in which the housing inventory dropped 75% in Suisun, 72% in Vallejo and 67% in Fairfield.

So even though every city in the county’s numbers rose during the first quarter of 2010, the number of available homes still remains quite a bit lower than last year at this time, as the chart below illustrates.

Housing Supply 09 vs 10 - ao end of MarchAccordingly, even though the supply of active listings is up noticeably  since the beginning of the year, we still have quite a way to go before we approach last year’s supply.

So while the increase in available homes to choose from should be welcome news to eager home buyers — particularly those wanting to get into contract by the end of April to take advantage of the soon-to-expire federal tax credit — the reality is that most local home buyers in Solano County are still finding themselves in multiple offer situations due to the high demand.

We Still Track These Numbers Every Week

I continue to track these numbers every week. Though, this year I only publish them on a periodic basis — and usually when I notice a trend worth pointing out.

In 2009, I published the home inventory and home sale statistics on a weekly basis, but by year’s end I realized that there often wasn’t enough of a noticeable change on a week-to-week basis to warrant publishing them every week.

Nevertheless, if you’re ever interested in seeing the current week’s report in between the dates that I publish them on this blog, feel free to contact me for a current update. Or, if there’s a groundswell of interest in seeing these numbers every week, then I’ll start publishing them on a weekly basis again.

You can download this week’s Solano County Housing Report, which shows complete week-by-week active listings totals for each of the five cities in our market area, plus weekly pending and closed sales statistics for each city, too.

Please contact us for more information or details on these statistics.  To see every home that’s presently available on our MLS in any city in Solano County, visit our Home Search page.

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This entry was posted on Thursday, April 1st, 2010 at 10:10 am and is filed under Benicia, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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