Out of 30 major metropolitan areas, Sacramento experienced the fifth highest housing-price gains in the nation in February compared with the same month a year before, Zillow said Thursday.
Home values in the Sacramento region rose more than 15 percent last month compared with February 2012, according to the Seattle-based real estate tracking service.
Three of the cities with the highest housing gains were in Northern California, the firm said. The other top-five markets where home values increased the most were: Phoenix, up by 23 percent; San Francisco, up by nearly 19 percent; Las Vegas, up by 18 percent; and San Jose, up by 17 percent.
Home prices rose nationwide for the 16th straight month in February, with an average national gain of nearly 6 percent compared with the same month a year ago.
Only 73 of the 352 total metro markets covered by Zillow experienced year-over-year home value declines in February.
Call The Bee's Hudson Sangree, (916) 321-1191.
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