Well the official median home price in Carmichael in March 2009 was $232,000 with 34 sales. This was a little slower than expected, but sales were up a whopping 64% from March of 2008. Surprisingly Fair Oaks had a smaller median price coming in at $225,000 with 25 sales.Historically, Fair Oaks is pricier than Carmichael.
This graph from the Sacramento Bee shows the increase in sales year over year in Sacramento. We actually had a price increase from February to March 2009. The Sacramento County Median price was up $500 to $167,500. Sales are up, price are somewhat stagnant. We'll have to see what happens with these foreclosures. I know local inventory is down. It will be really interesting to see what happens!
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