As I’ve been pointing out in my market updates, the median sales price (the price at which half of the homes sold for more and half sold for less) has been staying relatively flat since the beginning of the year.  I have also been sending emails about stories of multiple offers for over list price, the housing inventory continuing to drop and homes selling in a few days.  Well, like most people say, you don’t know when you’re at “the bottom” until it has passed.  According to the May 2009 housing stats for Sacramento, the Sacramento area appears to have hit bottom.  Not only did the median price stay flat, but it went up 7.7% compared to April!!!  Look over the statistics below and feel free to call or email with any questions.  This summer is the time to buy if you have been sitting on the fence.  Especially since interest rates are nudging up from their historic lows at the beginning of the year.  Also, remember that Real Estate is a regional/local “thing.”  You may be hearing news of markets still doing horrible, huge inventories and prices still dropping.  Well, Sacramento was one of the very first markets into the housing bust and is going to be one of the first out of it.  The market stabilizations are starting here in the West and will be slowly traveling East over the next months/year. Remember that when you are hearing real estate news.