Homebuyers have lost interest in buying real estate in the Antelope area, or so it seems, in this very slow and lackadaisical market. Just 33 homes closed escrow this last month which was a 47.6% unit volume decrease year over year. There was a drop in foreclosure sales by 62.5% and short sales by 26.3% with no corresponding increase in non-distressed property sales. In fact, just 4 non-distressed sales took place, the same number as a year ago.

Prices too have fallen year over year. Average price per square foot is now $110.61 which is 9.5% lower than it was a year ago when it was $122.29. Average sales price is now $190,214 which is 3.9% lower than last February’s average sale price os $197,919. Median sales price remains fairly stable at $195,000 down 0.5% from a high of $196,000 last February.

Inventory in Antelope is at 5 months based on the last year of sales and 5.8 months based on the last six months of sales. Foreclosure inventory is a little over a month.

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