Sacramento Market Overview

CoreLogic reports the median home sale figure in Sacramento County increased slightly in February, from $350,000 the previous month to $354,000. But that remains below the most recent high median of $365,000 in September of last year.A recent analysis by the Sacramento Association of Realtors indicates that four out of 10 homes sold recently in Sacramento were in the $300,000 to $399,000 range.

Sacramento real estate appraiser and analyst Ryan Lundquist said moderate price increases may encourage buyers and sellers into the market. “Price increases are not going crazy,” Lundquist said. “The market is competitive, but it’s not insane price increases like we saw in the past.”

The Sacramento home sales pattern roughly mirrored the Bay Area’s, where the number of homes sold increased from January to February, but remained low compared to past years, according to CoreLogic data. Median home sales in the Bay Area – at $770,000 in February – remain much higher than in the Sacramento area.

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