Sacramento Median Home Price Up 16% in October Over 2011

Sacramento Gay Real EstateMedian prices for homes sold in the Sacramento region rose by double digits in October compared with the same month a year before, DataQuick reported today.

For Sacramento and Placer counties, it was the largest year-over-year price increase since the height of the housing bubble in late 2005, according to data supplied by the San Diego-based real estate information service.

Sacramento’s median home price rose by more than 16 percent from $155,000 in October 2011 to $180,000 in October 2012. Placer County’s median home price rose by nearly 19 percent during the same period, going from $252,500 in October 2011 to $300,000 last month, DataQuick said.

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Authored By Hudson Sangree – See the Full Story at the Modesto Bee

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