Sacramento-area home prices continue their slide
Comments Off
By Robert Lewis
rlewis@sacbee.com
Published: Tuesday, May. 10, 2011 – 11:35 am
Home prices continued to slide in March both nationwide and across the region, according to figures researcher CoreLogic released today.
For the eighth straight month home prices dropped when compared to the same month a year prior. The March 2011 median sale price was down 7.5 percent nationwide in March when compared to March 2010. The drop was even more pronounced in the four-county region of Sacramento, Yolo, El Dorado and Placer counties where the median in March was down 10.42 percent year over year.
Foreclosures and short-sales appear to have dragged down prices for everyone else. The median sale price for non-distressed properties in March was down 1 percent year over year nationwide and 5 percent in the four county region.
The CoreLogic data came out just after the Sacramento Association of Realtors released their figures for April sales in Sacramento County and the City of West Sacramento. Similarly those figures showed a local market still seeking the bottom.
There were 1,524 single-family home resales in April in Sacramento County and West Sacramento, down about 1 percent from April 2010. The median sale price in April was $169,900, an 8.2 percent drop year over year.
In the first four months of this year there were 5,714 single family home resales in the area — a 4.1 percent increase from the first four months of 2010. The median sale price, however, was down 6.1 percent from $180,000 in January through April of 2010 to $169,000 in the first four months of this year.
© Copyright The Sacramento Bee. All rights reserved.



![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=b0f441db-6c78-4245-92b8-a25889c50f00)





