What's up with Sacramento home prices? Here are recent trends from August
Thinking of buying or selling a home in Northern California? The news is mixed when it comes to home sales in our area. Median sales prices of single-family homes are flat year-over-year, according to statistics from the Sacramento Association of Realtors. There were 979 sales closed in August. That was up from 907 sales in July, or a 7.9% increase. Roughly 60% of those sales were handled with conventional financing. "The biggest takeaway is that the market is still stable. Lots of people are wishing for prices to drop and that's not going to happen," says Judy Covington of the Sacramento Association of Realtors.
