Real Estate News

Report: Sacramento area led nation in median home sales price growth in 2013

Amid an improving housing market nationwide, the Sacramento area led the nation in year-over-year percentage median sales price growth at the close of 2013 and the beginning of 2014, according to Emeryville-based ZIPRealty Inc.

ZIPRealty said the area’s median home sales price in December was $248,500, up nearly 31 percent from $190,000 in December 2012. ZIP Realty said that topped the 24 metropolitan markets it surveys and was nearly three times the national average gain of 11.4 percent.

In January, ZipRealty said the Sacramento area’s median home sales price was $237,115, a nation-leading 28 percent improvement over January 2013 and more than twice the national average gain of 12.5 percent.

The online residential real estate brokerage said the West is seeing the biggest gains among all regions. Other jurisdictions seeing sharp year-over-year median home sales price growth in January included Las Vegas (up 24 percent), Los Angeles (23 percent), the Bay Area (21 percent) and Orange County (17 percent).

For more details, see www.ziprealty.com.

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