We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

RealtyTrac: Annual Home Sales Decline Calif., Nevada

danielmoyle / Flickr
 

danielmoyle / Flickr

While year-over-year sales grew by 10 percent nationwide in December, sales in California fell by 15 percent. Nevada saw a nine percent decline.

Research firm RealtyTrac says Nevada also had the country's highest percentage of bank-owned home sales in December, as well as the highest percentage of "short sales" -- that's when a homeowner sells their property for less than full value.

In the Sacramento area, annual home sales declined by 13 percent in December.

Despite a drop in sales, home prices in the Sacramento area were up. The median sales price was $260,000 in December, a nearly 30 percent increase from December of 2012.

Related Stories

 

Steve Milne

Morning Edition Anchor & Reporter

Steve is the voice of Capital Public Radio News as anchor of Morning Edition and Insight. He covers stories on a wide range of topics including: business, education, real estate, agriculture and music. Steve also produced stories for CapRadio.org.   Read Full Bio 

Sign up for ReCap

and never miss the top stories

Delivered to your inbox every Wednesday.

Check out a sample ReCap newsletter.