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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.