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Monday, 22 June 2009 00:17

Region's Home Sales Rising

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slide5.pngRegion - The latest statistics released by property research company MDA DataQuick reveal that Sacramento-region homebuyers closed escrow on 3,420 new and existing houses in May, marking the 14th month in a row of sales increases. Median sales prices rose once again in the five area counties, spreading optimism amongst realtors looking for a profitable summer buying season. Amador County’s median in May was $209,500, up from $180,000 in April and down 29.5 percent from May 2008. Sacramento County showed the biggest improvement for the region, with prices climbing dramatically by 9.4 percent from $160,000 in March and April to $175,000 in May. Rising median home prices indicate an upward trend statewide. DataQuick statistics show a slight median rise in the six-county Los Angeles region, including San Diego, for the first time since July 2007. There was a 12.3 percent rise from April in the nine-county Bay Area. DataQuick analyst Andrew LePage attributes the abrupt May rise to a sales mix reflecting fewer hugely discounted bank repos and more higher-priced homes. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.
Read 396 times Last modified on Friday, 14 August 2009 04:53