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In other words, like the rest of the country outside Peak Freak.

Signs of Optimism for Sacramento Real Estate Market

Recent data culled by CoreLogic shows slow home sales in Sacramento for the year so far, but things could turn around, according to The Sacramento Bee. “I think some of the home shoppers who’d retreated to the sidelines last year – priced out or fearful of a market peak – are back in a shopping mode because of the drop in mortgage rates,” said Andrew LePage, an analyst for the firm. Linda Wood, a Realtor with Dunnigan in the Sierra Oaks office, believes the weather has something to do with the decline in volume. “As soon as we got a break in the weather, we got busy again,” she said. “It’s still a wait and see what it really pans out to be.”

CoreLogic reports the median home sale figure in Sacramento County increased slightly in February, from $350,000 the previous month to $354,000. But that remains below the most recent high median of $365,000 in September of last year.A recent analysis by the Sacramento Association of Realtors indicates that four out of 10 homes sold recently in Sacramento were in the $300,000 to $399,000 range.

Sacramento real estate appraiser and analyst Ryan Lundquist said moderate price increases may encourage buyers and sellers into the market. “Price increases are not going crazy,” Lundquist said. “The market is competitive, but it’s not insane price increases like we saw in the past.”

The Sacramento home sales pattern roughly mirrored the Bay Area’s, where the number of homes sold increased from January to February, but remained low compared to past years, according to CoreLogic data. Median home sales in the Bay Area – at $770,000 in February – remain much higher than in the Sacramento area.

More: https://www.builderonline.com/money/signs-of-optimism-for-sacramento-real-estate-market_c

https://www.sacbee.com/news/business/real-estate-news/article228787229.html

MisterLearnToCode says

In other words, like the rest of the country outside Peak Freak.

Nooooo! We have HOUSING CRISIS, GODDAMIT!! Because who the fuck would want to live in Sacramento? It's SF or nothing! OK, Palo Alto and Cupertino would work too. BUT. NOT. FUCKING. SACTO!!!!