Rosemont Real Estate Market Update
Sacramento’s Rosemont area (95826 and 95827) is an area that’s priced well compared to Sacramento County’s overall average. The average home in Rosemont sold for $139.48 per square foot in June, down 31.4% from last June’s average of $203.44. (Sacramento County’s overall average price per square foot is $145.77, down 33.4% from last year). The average home sold for $197,254 in June in Rosemont, down 30% from last year’s average of $281,760.
Unit volume in Rosemont has increased 37.8% from June of 2007 to June of 2008. Bank foreclosures made up 62.9% of all sales in Rosemont in June, compared to 24.4% a year ago.
Inventory in Rosemont is currently lower than the greater Sacramento average, with 6.1 months of active inventory based on the sales for the last year. If you look at the absorption rate for the last six months, however, then our inventory number is even lower, at 5.3 months.
