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  • Sacramento

Capital’s home prices jump in February

Published: Thursday, Mar. 13, 2014 - 8:48 pm

Sacramento home prices rose in February amid a scarcity of listings, DataQuick and the Sacramento Association of Realtors reported this week.

In Sacramento County, the median price of resale single-family homes jumped from $230,000 in January to $245,000 in February, DataQuick said Thursday. The county’s median home price in February 2013 was $190,000, the San Diego-based real estate information firm said.

Part of the increase is the mix of homes sold. More move-up buyers bought higher-priced homes last month while sales of lower-priced homes shrank, DataQuick said. It also reflects demand outstripping supply and pushing up prices, the firm said.

There is only a two-month supply of homes for sale in Sacramento County, the Realtors’ group said Wednesday. That indicates a seller’s market.

– Hudson Sangree

Read more articles by Hudson Sangree

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