Business & Real Estate

Sacramento County home market warmed in September


The median price of a resale home in Sacramento County rose slightly and more homes sold in September vs. August, when prices were flat and sales were down, CoreLogic DataQuick reported Tuesday.

The real estate information service said the median price of a resale home in the county rose from $260,000 in August to $263,000 in September. There were 1,654 resale transactions that closed in September, compared with 1,607 the month before,

Much of the state, including Sacramento, had better-than-expected sales in September, said CoreLogic Dataquick analyst Andrew LePage. Part of the reason is “summer spillover” from August sales that took time to close.

In the four-county capital region, sales of all homes totaled 3,149 in September, the most for the month since 2008.

El Dorado, Placer and Yolo counties saw slight to moderate decreases in median resale home prices, with sales volumes falling or holding about even in September compared with August, the Irvine-based firm reported.

Year-over-year price appreciation was in the single digits in September compared to the same month last year. That was also true in most of Southern California and parts of the Bay Area, LePage said.

In September 2013, Sacramento County had a 41 percent rise in the median sales price of resale detached single-family homes compared to September 2012. Last month, the county saw a 9.6 percent year-over-year gain in the median sales price compared to September 2013.

Call The Bee’s Hudson Sangree, (916) 321-1191.

Related stories from Sacramento Bee