Sacramento Homes Prices on the Rise

Sacramento is suffering from lack of inventory for sale.  Due to the lack of available homes, the home prices in December, 2012 are on the rise.

Figures released by DataQuick show that the median home prices in Sacramento County rose 18% in December compared to December, 2011 from $155,000 to $183,000.

 

 

 

 

 

 

 

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Sacramento home prices climb in November

Sacramento‘s median home prices on the rise again!

The median home price in Sacramento County rose nearly 17 percent in November from the same month a year before, DataQuick reported this morning.

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.

Read more here: http://www.sacbee.com/2012/12/13/5052791/sacramento-home-prices-climb-in.html#storylink=cpy
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Sacramento Housing Market Home Prices on the Rise

The numbers are in and Sacramento’s Housing Market continues to heat up!  In November the average Price per Square Foot hit a new high of $135.8, this was a 2.2% increase over last month and a 16% increase over the last year.  This increase can clearly be traced to the lower inventory numbers that continue to drive prices up.  The number of homes for sale decreased by-10% from last month and is down by over -52% from last year.  Another effect of this lower inventory is that houses are selling faster than we have seen in a long time, the average Days on Market for a home in the Sacramento Region dropped again to only 48 days!

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