Posts

Showing posts from July, 2017
HOME PRICES RISING PERSISTENTLY IN TIGHT MARKET June’s median price up 9% compared to 2016 (SACRAMENTO, CA) – The number of new listings entering the housing market just cannot keep pace with insatiable buyer demand throughout the entire 4-county Greater Sacramento region. Standing inventory at June 30th rested at 4,014 homes active and available for sale, 15 percent below the same time last year. Meanwhile, a total of 8,708 new open escrows were posted during April, May, and June, representing a 5 percent increase over the second quarter of 2016. This market information is presented by Lyon Real Estate based upon data provided by Trendgraphix Inc., a Sacramento-based reporting company. The median price for closed escrows in the month of June hit a recent milestone of $400,000. August of 2006 was the last time the region enjoyed that number, and the market was surely moving in a different direction with the impending great recession. The four-county region was staring at an astounding 1…