Well...once again statistics for the median home prices in Sacramento County sure seem to have remained relatively level for the last 14 months. I think the slight dip you see in the median price has more to do with the volume of homes selling at the lower end than an actual decline in value. I have 3 transactions in contract right now, and all are in the low-$100k range ($92,500, $131,250, and $101,222). What I can tell you is that most of the transactions I have been representing for both buyers and sellers, (in all the price ranges, short sales, foreclosures, and "regular transactions with a traditional sellers") are still often times met with multiple offers if the home is priced correctly. To top it all off, interest rates are insanely low right now - like in the low 4% range in you have a stellar credit score and documentable income.
If you would like me to email you the Facts and Trends graphs for specific zip codes in Sacramento County, just shoot me an email and I am happy to provide them.
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