Home prices fell in May for Sacrameno area
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May brought no relief for Sacramentans trying to sell their homes.
The median price for a single family home in Sacramento County dropped 11.6 percent in May from the same month of 2010, to $160,000, according to figures released Wednesday by DataQuick Information Service.
“(There) wasn’t much in the latest sales data to suggest the overall market will pull out of this rut anytime soon,” said John Walsh, president of DataQuick.
The median price there was down 6.8 percent, to $255,000.
For May, El Dorado County had the highest median price – $259,000 – but that was off 10.4 percent from the year-earlier period. Median price means half the homes sold above and half below the given price.