Area Home Prices Continue Decline

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(Sacramento, CA)
Tuesday, January 20, 2009

The real estate tracking firm MDA DataQuick says the median home price in the eight-county Sacramento region was $176,000 last month, compared to $280,000 in December of 2007. 

The median price for the area peaked at $387,000 back in the summer of 2005. 

Foreclosures accounted for about 70% of December's sales in the Sacramento area.