Holy moley! Look at the date! Are we seriously this late in posting market updates? Well, the stars – or the weekends – didn’t quite align right this time, so excuse the delay and let’s get on with the statistics. Good or bad? You decide. I’m just here to report the numbers.

A total of 1885 homes sold this month in Sacramento county, an overall unit volume increase of 16% year over year. That’s pretty consistent with last month’s sales of 1836 total homes. The sales included 1229 foreclosures, 247 short sales and 409 non-distressed sales. So 78.3% of all sales are now distressed properties while the rest 21.7% are non-distressed homes. The highest gains this month year over year were in the short sales department – 140% up year over year. Foreclosure sales are also up, but by a much smaller 19% while non-distressed sales are down 16% for the same period.

Sold price per square foot is currently at $113.26, a drop of 24.3% year over year, but slightly higher than last month’s $112.70. Average sales price seems to follow the same curve – currently at $182,724 – which is 26% under last year’s at the same time, but higher than last month’s $181,625. Maybe the articles circulating in web and print media about Sacramento’s prices bottoming out are right. We’ll have to see. Median sales price is currently at $155,000.

Inventory is at 3.3 months based on the last year of sales and 3.5 months based on the last six months of sales. Foreclosure inventory has shrunk further to 0.6 months.

Comments are closed.