A little good news comes our way today from Rosemont. Inventory is lower than it was last month and prices have inched upwards a little. Sales also have given no indication of having slowed. A total of 57 homes sold this month in Rosemont of which 33 were foreclosure sales, 8 are short sales and 16 were non-distressed sales. And even though distress sales now make up 72% of all sales instead of 58% they did last May, we are beginning to see some hope for prices.

Average price per square foot is now at $122.18, which is 20% lower than it was last May when it was $152.71. However, it is higher than it was last month at $118.70. Average sales price is $175,108 which is 14% lower year over year but higher than April’s $163,306. Median sales price is $166,000.

Inventory in Rosemont is at 2.5 months based on the last twelve months of sales and 2.9 months based on the last six months of sales. Foreclosure inventory is at 0.5 months and 0.6 months respectively.

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