Average Sacramento Home Prices Drop Again in April
Average Sacramento County home prices fell again in April, erasing the gains made in February and March and falling slightly below January’s level. The average sold price for residential property (including single family, condos, halfplexes, etc), fell to $392,252 in April based on Metrolist MLS data. Because the overall trend since August has been downward, appreciation since last April has been very low at only 2.23% per year. We predict that by next month the year-to-year price change will be negative and remain so until August at least.
As to median prices, we’ve hit our first year to year decline in recent memory. The median sold price in Sacramento County was $356,000 this April, versus $358,950 last April.
What this proves is that you shouldn’t buy a house on the median, because there are too many cars going by. Locations away from the highway are better.
You didn’t see that one coming, did you? Jokes like that can make you hate your first grade teacher for teaching you how to read.
But I digress. What you’re all waiting for patiently by now is THE CHART.
