MARKET REPORT - Sacramento, CA

MARKET REPORT: Average sales price per sq ft in Sacramento CA was $100, a decrease of 82.5% compared to the same period last year. The median sales price for homes in Sacramento CA for Jan 09 to Mar 09 was $130,000 based on 4,200 home sales. Compared to the same period one year ago, the median home sales price decreased 37.8%, or $79,000, and the number of home sales decreased 0.5%.

There are currently over 2,000 resale and new homes in Sacramento, as well as 9,637 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale was $268,338 for the week ending Apr 08, which represents an increase of 12.3%, or $29,319, compared to the prior week.