Sacramento is back!

Home sales are 45 percent from last year, with diminishing inventories by the day. Even prices seem to be stabilizing. This is a tell tell sign that a bottom is near. This in one of the first area in the nation to take it over the head in housing.

“It’s fragile, and it could easily be fleeting,” said an MDA DataQuick analyst, Andrew LePage. “But history suggests this is how things might look six months before prices bottom out.”

Other parts of the state that have been hit are seeing very positive signs like Orange County California with the lowest inventory levels since 2005.