Home sellers in the Sacramento region are cashing in to a much greater degree than they were a year ago, according to home sales numbers released today by San Diego-based market tracker DataQuick.
DataQuick reported a 22.4 percent increase in the median sale price of all homes in Sacramento County from January 2012 to January 2013. The median rose from $152,750 to $187,000 in that time frame.
On a percentage basis, Yolo County saw the region's biggest year-over-year increase - from $199,000 in January 2012 to $250,500 last month, a nearly 26 percent spike.
Sacramento County's sales volume decreased only 0.5 percent, with 1,615 homes sold in January this year, compared with 1,623 in January 2012. However, last month's total was down substantially from 2,046 in December 2012, which saw a run of transactions to close out the year.
Historically, DataQuick said home sales always drop from December to January.
Still, the Bay Area saw the strongest January sales in six years and the 10th straight year-over-year increase in the median sale price.
DataQuick said 5,501 new/resale houses and condos were sold in the nine-county Bay Area last month, up from 5,330 in January a year ago. The median sales price last month was $415,000, up from $326,000 in January 2012.
Read more Friday in The Sacramento Bee and at Sacbee.com.
Read more articles by Mark Glover
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