New data shows prices are up 8.8% from the previous four-months. The numbers come from a Truckee-based real estate research firm called Clear Capital.
President Kevin Marshall says Sacramento’s price gains are 1.5% higher than the country as a whole.
“It’s also interesting to note that Sacramento led the nation on the decline as well. We were declining more than the nation back in 2006 and 2007. And since we are early to fall that could be an indicator that we will be earlier to recover.”
Marshall says one reason home prices are rising is that real estate activity traditionally picks up during the spring and summer.
Despite the gains in home values, Sacramento area home prices are still 14% lower than they were a year ago.