On the face of it, nothing seems like it has changed much in the Placer county real estate market landscape since last March: 334 homes sold this March as compared with 324 year over year. But if you look closer, you’ll notice that the non-distressed sales and foreclosure sales numbers have reversed. Whereas last March, non-distressed sales made up 50% of the total sales, today foreclosures have taken that coveted spot. As a result, non-distressed sales have lost ground – about 37% to be precise year over year. Short sales have gained 144% year over year and foreclosures have gained 37% for the same period.

Average sold price per square foot is currently at $147.98. That is a drop of 16.5% year over year from a high of $177.27. This is the most accurate measure of a home’s price since home buyers in Placer county also bought homes on average 7.2% smaller than last year. Average sales price is currently at $309,201 and median sales price is at $285,000.

Inventory is at 6.1 months based on the last 12 months of sales and 7.2 months based on the last six months of sales. Foreclosure inventory is at 1.3 and 1.4 months.