Posted by Purva Brown on May 24th, 2009
A total of 126 homes sold in Roseville this month and the numbers seem largely unchanged from a year ago except that there are just less homes being sold. Overall unit volume is down 13.1% year over year. Foreclosure sales are down 21% while non-distressed sales are down 21% for the same period. Only short sales gained 50% year over year. Of the 126 homes sold, 53 were foreclosure sales, 24 were short sales and 49 were non-distressed properties. So 61% of all homes sold are now distress sales.
Average sold price per square foot is currently $143.41 – that’s down 14% year over year from a high of $166.79. Average sales price has fallen 18% for the same period and currently rests at $296,077. A year ago, it used to be $361,045. Median sales price is currently $279996, down 19.3% from a year ago when it was $347,000.
Inventory in Roseville is at 4.2 months based on the last year of sales and 5.3 months based on the last six months of sales.