24 homes sold in East Sacramento in the month of February, a decline of 20% year over year in unit volume. Foreclosure sales fell 28.6% and short sales also fell 83.3% for the same period. Correspondingly, non-distressed sales are up by 30% year over year. The biggest change is that now 54.2% of homes sold are non-distressed, as compared with 33.3% last February.

Average price per square foot rose 16.4% year over year in the area to rest at $202.23 up from $173.71 last February. Average sales price is also 21.9% higher at $254,154. A year ago, it was $208,463. Median price interestingly enough has fallen 29% to rest at $165,000 down from $232,500 a year ago.

East Sacramento has 3.9 months of inventory based on the last year of sales and 4.7 months of inventory based on the last six months of sales. Foreclosure inventory is right around one month. Short sale inventory is at 14.6 months based on the last year of sales and 18 months based on the last six months of sales.

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