A total of 37 homes sold in Carmichael this May, a unit volume drop of 27.5% overall year over year. 17 of these homes were foreclosure sales, 3 were short sales and 17 were non-distressed sales. There have been drops in sales in all except foreclosure sales which show no change year over year. Short sales fell 50% and non-distressed 39.3% for the same period. The scales are currently almost evenly balanced between distress and non-distressed sales.

Average sold price per square foot is $159.33 – that’s an 11.9% drop year over year from a high of $180.94. Average sales price is currently at $279,950, a 10% year over year from last May’s $312,171. Median sales price for the Carmichael area is currently at $236,659.

Inventory is at 5.6 months based on the last year of sales and 6.5 months based on the last six months of sales. Foreclosure inventory is at 0.8 months and 0.9 months respectively.

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