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Region's Home Prices See Gains

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(Sacramento, CA)
Thursday, March 4, 2010
Research firm Clear Capital says Sacramento area home prices in February were up 6.6% from the same time last year. And spokesman Alex Villacorta says the last three months have seen positive gains as well.

“Sacramento returned to a 2.9% increase, quarter-over-quarter, for this latest time-frame. And that’s compared to a 0.0% change for the nation as a whole. So perhaps due to the other states that see a more dramatic slowdown in the winter, California in general has remained very strong through these last few months.” 

Villacorta says Stockton’s hard-hit housing market also saw gains last month…a 5% quarter-over-quarter increase and a 2% increase in year-over-year home prices.

He says the price gains bode well for local housing markets as homebuyer activity starts to pick up heading into spring and summer.
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