Sacramento metro-area home values rose a nation-leading 3.4 percent from March to April, Seattle-based data tracker Zillow said today.
Zillow put the Sacramento area's median home value at $252,900 last month, with the monthly percentage surge topping the 30 largest U.S. metro areas tracked by Zillow.
That was up 9.7 percent from the most recent quarter and a whopping 25.4 percent year over year, a byproduct of low inventory and increasing buyer demand.
Only Phoenix, with a 25.5 increase, topped Sacramento's year-over-year rise in median value.
Nationwide, the median home value in April was $158,300, up a modest 0.5 percent from March and up 5.2 percent from a year ago.
"April marks the sixth straight month of annual home value appreciation of 5 percent or above, the longest such streak since the height of the bubble in 2006," said Stan Humphries, Zillow's chief economist. "In the short-term, this has been welcome news for homeowners.
"But in the long-term, this cannot be sustained, and consumers entering the market today should not expect this kind of appreciation to last."
Call The Bee's Mark Glover, (916) 321-1184.