Another month of leveling off here for Sacramento county home sales and home prices. A total of 1715 homes sold in the county, an overall unit volume drop of 6.6% year over year. Perhaps the best reason for better spirits in home sellers should be this: foreclosure sales were down 46.5% while short sales were up by 86.4% and non-distressed homes by 91.3% year over year. More than 1 out of 3 homes sold now is non-distressed!

While the market still has a long way to go in terms of clearing its short sale inventory before we see any real price gains, it’s good to note that for now at least prices are leveling off. Average price per square foot is currently $120.00 which is 6.5% higher than it was a year ago when it was $112.70. Average sales price of a home is now $196,299 – about 8% higher than it was a year go when it was $181,685 and median sales price currently rests at $172,900.

Real estate inventory is at 4.3 months based on the last year of sales and 4.8 months based on the last six months of sales.

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