Sacramento Housing Market Recovery Gaining Momentum
The Sacramento Association of Realtors reports the median home sale price increased more than 8 percent from April to May this year, and 42 percent from May of 2012.
The median home sale price last month was $240,000. A year earlier it was almost $169,000.
The number of short sales dropped more than 26 percent in a year-to-year comparison. The number of bank-owned property sales dropped more than 75 percent.
The median number of days a home was on the market dropped to 9 1/2.