There has been almost no change from month to month for Sacramento county real estate in October, but we could take the perspective of no news is good news. Market condition changes seem to be rumbling under the surface for a while now and this month is definitely an indication of them. For instance, foreclosure sales fell by 57.3% year over year! To balance that, we have seen an increase in short sales (59.6% for the same period) as well as non-distressed property sales (57.4% for the same period.) Overall however 1712 homes sold bringing unit volume down by 26.2% year over year.

Average sales price remains the same as last month, or almost the same at $121.85. Year over year, it has fallen by 5.4%. Average sales price rests at the $200,000 mark at $200,541 also declining year over year by 2%. Median sales price in Sacramento county is now $179,450.

Inventory is being watched closely by everyone and it remains the same as it was last month at 3.5 months. Foreclosure inventory is right around 0.6 months, something we are told the banks are watching as well.

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