Sacramento Prices up Again?

The early March reports on the real estate market in Sacramento County indicate the average sales price for a home increased for the second straight month. Based on what I have been able to find, it appears we will see a .28 percent increase from February to March in average price and a 1.25% positive bump in the median price paid in Sacramento. Housing Tracker, which has a bit of a strange view of Sacramento in that they include some communities in Placer County, indicates that the median sales price is up slightly from $389,000 to $389,500 from March 1 to April 1. This is a month over month gain of only .13 percent. They also show inventory of homes on the market increasing from 7,663 to 8,103 or a 5.7 percent increase during March.

Over the next few days more March results should become available and I should get some more specific community news to report.

Don’t forget, in addition to tax returns being due this month, April 10th is the deadline for paying the second installment on property taxes.