Opendoor is a new home sales service in Sacramento. See how it works
Home sales in Sacramento County fell by nearly 10 percent in February on account of softer demand for new and resold homes, according to new data from the real estate analytics firm CoreLogic.
The median price of homes sold in the county grew by 3 percent, rising from $340,000 in the previous month to $350,000. The median price of homes sold in surrounding counties was more than $400,000.
Home sales in Placer and Yolo counties grew compared with the same period last year by 2 percent and 13 percent, respectively. Sales volume recorded in El Dorado County County plummeted 28 percent.
Most neighborhoods in the region showed at least some signs of positive growth.
More than half of the 62 ZIP codes with 10 or more sales saw prices rise. The largest jump was recorded in the 95816 ZIP code that covers parts of Midtown and East Sacramento, where the median sales prices ballooned to $703,000 and the most expensive home sold was a little more than $1 million.
There were 85 homes sold in Roseville – the most for any area in the region – where the median price was $481,000. The median sales price increased by 5 percent compared with last year.
The most expensive home was sold in Truckee for a jaw-dropping $6.5 million. There were only 20 homes sold in the area but the median price was $1.2 million.