Here’s a trend I am beginning to see: as soon as foreclosure inventory hits the half month mark or so, unit volume begins to fall. I’ve been seeing it all over Sacramento county local markets and Florin is no exception. A total of 138 homes sold this month of which more than 80% were distress sales. But foreclosure sales still fell by 21.4%. Short sales on the other hand gained ground by 83.3% year over year. Non-distressed sales were also up by 20% for the same period.

Average price per square foot is currently $102.28 – that’s a decline of 20.2% year over year from a high of $128.24. The average home sold was also interestingly enough 8% smaller year over year. Average sales price currently sits at $164,616 from a high of $224,126 – a drop of 26.6% year over year. Median price rests at $150,000.

Overall inventory in Florin is at 2.5 months based on the last year of sales and 2.7 months based on the last six months of sales. Foreclosure inventory is at 0.4 months and 0.5 months respectively.

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