Carmichael, like elsewhere in Sacramento county has seen a drop in recent sales but has yet to see even the seasonal price increases we are beginning to notice elsewhere in Sacramento. 44 homes sold this June of which 12 were foreclosure sales (27.3% of the total sales) 8 were short sales (18.2% of the total) and 24 were non-distressed properties (54.5% of all sales.) Overall, unit volume was down by 17% year over year and all categories except short sales saw declines year over year. Foreclosure sales fell 45%, non-distressed fell 14.3% but short sales gained 167%!

Average sold price per square foot is at $154.82 which is 21.5% lower than it was a year ago. This has resulted in home buyers affording themselves homes on average 7% bigger than they did a year ago. Average sales price is at $281,637 which is 16% lower than it was a year ago. Last June it was $335,386. Median sales price is at $248,450.

Inventory in Carmichael is at 5.8 months based on the last 12 months of sales and 6.3 months based on the last 6 months of sales. Foreclosure inventory remains at 0.7 months no matter how you look at it.

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