The Sacramento county real estate market is exactly where it was a year ago! How’s that for stability? (I mean that a little tongue-in-cheek, of course.) 1853 homes sold this June – almost the same number as last June. However, foreclosure sales fell 33% while short sales increases 62.3% and non-distressed sales increased 26% year over year. 37.4% of all sales are now non-distressed homes, a better number than last June when 29.7% of all solds were non-distressed.

Average price per square foot has now risen by 2.9% year over year. It is currently $123.96 from $120.49 a year ago. Average sales price currently sits at $208,360 up 5.9% from $196,672 last June. Median sales price has also increased 5.7% to rest at $185,000 from $175,000 last June. Home buyers afforded themselves houses on average 3% larger this June than June 2009.

Overall inventory in Sacramento county is currently at 4.5 months, foreclosure inventory is at 1.3 months. Short sale inventory remains at pretty high levels at just under a year at 11.7 months.

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