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Home Front

A blog about the economy and the Sacramento-area real estate market.

September 16, 2008
Placer County: 2008 home sales up 13.7 percent over 2007

The Placer County Association of Realtors has issued its report on August home sales, showing a slight increase from July. The association tallied 422 closed escrows in August, up from 419 in July. They're also up 36 percent over the same time last year.

Indeed, sales in the first eight months of 2008 total 2,772, compared to 2,437 the same time last year. That's a 13.7 percent increase.

The new median sales price  where half cost more and half less - is $320,000. That's lowest since May 2003.

Only 7 percent of sales in Placer County were below $200K.

 

 

 

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