Sacramento‘s median home prices on the rise again!
It was the largest year-over-year price gain in November since the housing market was booming in November 2004, according to the San Diego-based information service.
The county’s median home price of $185,000 last month was up from $158,500 the prior November. It was also up over October’s median of $180,000, DataQuick said.
However, sales volume was slightly down in November from October.
Strong investor activity coupled with a shortage of homes for sale has boosted home prices in the past half year.
In the last few month, more move-up buyers have been entering the market, seeking to take advantage of rock-bottom prices and interest rates near historic lows.