Sacramento’s resurgent real estate market means that the Sacramento housing market is one of the 10 hottest housing markets in the nation, with no signs of slowdown through the rest of 2013. If you’re searching for Sacramento real estate or for a home in Sacramento, or if you’re considering listing or selling your home, now just might be the right time.
With a 20 percent gain over last year, homes in the region should go up another 15.6 percent from the first quarter of this year to the first quarter of 2014. That’s good enough for the city to be ranked fifth, ahead of other hot markets such as Los Angeles, San Diego, and Riverside when looking at values gained from a year ago.
Sacramento’s growth forecast is second only to Riverside. However, some of this growth could be making up for Sacramento’s substantial loss of ground in recent years, as home prices fell 51.5 percent between the peak and the third quarter of 2012, which was among the largest drops in the nation.
San Francisco and San Jose, which saw notably less home price deflation during the Great Recession, ranked ahead of Sacramento for housing growth over the last year. The first and second spots, held by Phoenix and Las Vegas, respectively, were cities hard hit by the housing downturn as Sacramento was. If you are thinking of selling your home or if you are searching for home in the Sacramento area, now might be just the right time.