Roseville’s market continued to show good demand for homes in June, but like everywhere else, the upsurge in demand has not yet caused prices to rise.  178 homes sold in Roseville in June, up 29.9% from last June’s 137 homes.  With an average absorption rate of 136 homes per month over the last six months, Roseville’s inventory is down to some 5.3 months, so the strong recent sales are all to the good.

In terms of prices, the average home sold for $333,925 in June, down 22.3% from last year’s average of $429,647.  Unit volume is down about the same amount, 22.2%, from $213.08 per square foot in June of 2007 to $165.81 per square foot in June of 2008.

44.9% of the homes that sold in Roseville in June were bank owned, and 11.2% were short sales.  At 56.1% total, distressed sales are slightly more common in Roseville than in Placer County as a whole.

The tables below give more detailed information about the market in Roseville in June.

Unit Volume Data

Units Sold	June, 2007		June, 2008	Change
Foreclosures Sold	6		80	1233.3%
(% of total units)	4.4%		44.9%
Short Sales Sold	3		20	566.7%
(% of total units)	2.2%		11.2%
Non-distressed Sold	128		78	-39.1%
(% of total units)	93.4%		43.8%
Total	137		178	29.9%

Price Data

Prices	June, 2007		June, 2008	Change
Sold Price / Square Foot	$213.08		$165.81	-22.2%
Average List Price	$440,097		$339,031	-23.0%
Average Sale Price	$429,647		$333,925	-22.3%

Inventory (Based on 12 months of prior sales)

Sale Type	Average Sales Per Month	Active	Months of Inventory
All Sales	122	730	6.0
Foreclosures	41	122	3.0
Short Sales	10	308	30.5
Nondistressed	69	300	4.3

Inventory (Based on 6 months of prior sales)

Sale Type	Average Sales Per Month	Active	Months of Inventory
All Sales	136	730	5.3
Foreclosures	62	122	2.0
Short Sales	12	308	24.3
Nondistressed	62	300	4.8