A total of 55 homes sold in Rocklin last month, down 6.8% year over year from 59. And we see a drop in every kind of real estate sale – except short sales. 19 foreclosures sold in March (that is 34.5% of all sales) 15 short sales (or 27.3% of all sales) and 21 non-distressed homes (38.2% of all sales) but for all that we see a year over year drop of 24% in foreclosures and a 19.2% drop in non-distressed sales. Short sales jumped 87.5% over last March’s sales. 

Average sold price per square foot doesn’t give us any better news either. It has fallen 15.5% year over year from $166.73 to $140.83. The average sales price is currently $334,104 – that’s a year over year drop of 10.4% from a high of $372,794. Median price hasn’t fared any better. It registered a drop of 15.5% year over year from $355,000 last March to currently $299,900.

Inventory is at 4.9 months based on the last year of sales and 6.2 months based on the last six months of sales, showing the recent slowdown in sales in this area.