Sacramento Housing Prices Highest in Nine Years

Date Posted: 
Wednesday, July 20, 2016

 

Home prices in Sacramento County rose to their highest level in nearly nine years last month as the region’s real estate market continued its steady recovery from the recession.

Median resale prices for single-family homes hit $310,000 in Sacramento County in June, market researcher CoreLogic reported Wednesday. That represented a $5,000 increase from May and a $30,000 increase from a year earlier. The volume of sales rose 3 percent from a year ago.

The latest results from CoreLogic show the continued improvement Sacramento’s housing market has made since the bubble burst a decade ago and prices went into a steep downward spiral. The $310,000 figure for Sacramento County was the highest since August 2007, when the median was $314,000.