Last week I helped sell a home down the street from my own for a price never seen before in our neighborhood’s 24-year history. Obviously, home prices are soaring and certain pockets, like mine, are setting new price records.
In fact, most of the country’s regions have fully recovered from the housing crash. Most of California, including the Sacramento area, still has a bit more ground to cover before getting back to pre-crash levels. Some communities, such as East Sacramento, have recovered better than others. This chart shows how current median home prices compare to the previous peaks seen in certain markets.
Don’t see your town? Want to know how your city has fared? Complete this quick survey and I’ll send you your community statistics (greater Sacramento area zip codes only).
Tune in to next month’s blog post for my 2018 Market Forecast and which locations may see home prices continuing to soar to new heights.
Matt Sundermier's Memos on Real Estate & on Life 