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Local Counties Saw Double-Digit Increases In Home Values, Decreases In Sales Volume

danielmoyle / Flickr
 

danielmoyle / Flickr

Some Sacramento area counties saw double-digit increases in home values and decreases in sales volume last month. 

Sutter County saw the biggest home sales drop in April. Only 89 homes sold last month, down nearly 30 percent from a year ago when 125 homes sold.

Placer County saw a 13.5 percent drop, and in El Dorado County sales were down nearly 12 percent. Sacramento County experienced a 3.6 percent drop. But research firm CoreLogic says low home inventory, low mortgage rates and job growth kept prices surging.

Sacramento County's median price of $317,000 was up 7.5 percent from a year ago. Yuba County had the biggest increase at nearly 18 percent. Other counties with double digit price increases include: El Dorado, Nevada and Sutter.

 home sales

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 

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