The Antelope real estate market seems mostly unchanged from last month. Sales are still strong and interest in distressed properties remains high. A total of 63 homes sold this month – 41 foreclosure sales, 13 short sales and 9 non-distressed homes, showing the tilt strongly towards foreclosures. In fact, 85.7% of all sales are now distress sales. Overall unit volume is higher year over year by 16.7%.

Average sale price per square foot is not $118.06, lower year over year by 16.7%. This is perhaps the reason for the average home sold to be about 5% bigger this year than the last. Average sales price has taken a 12.4% plunge year over year from a high of $232,052 to $203,240. Median sales price is currently $204,000. This is an 11.3% drop year over year.

Inventory is at 3.3 months based on the last year of sales and 3.6 months based on the last six months of sales. Foreclosure inventory is at 0.5 months, a statistic that could potentially signal an end to the housing woes in Antelope were it not for the 16 months or so of short sale inventory.

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