Wonder if Median Prices of Sacramento Homes Have Recovered from 2006?

Are you wondering whether median prices of Sacramento homes have recovered from 2006? If you’ve been watching the housing market in Sacramento for any period of time lately, you’re probably blown away by rising prices. You can’t spin around without finding limited inventory, multiple offers and getting priced out of the market. In fact, many buyers probably wonder just how high can prices go?

Are we back to where started in 2006, at the height of the real estate market? Does this mean the median prices of Sacramento homes have recovered from 2006 to 2018? We’re very close, but the fact is we are not there yet. You might think we’re out of the woods by all of the sales activity and pent-up demand for homes, but the statistics from Zillow tell a different story.

Of interest, there are four communities, upper-end, more affluent areas, which have moved past the median sales prices from 2006. Those areas are El Dorado Hills, Granite Bay, Folsom and the city of Davis. The bounce back rate for Davis is 115%, meaning median prices have surpassed 2006 by 15%.

The chart below shows the percentage of 2006 values that each neighborhood or city has reached in June of 2018. This data was extracted from the Sacramento Bee story and not verified as sourcing from Zillow.

If you’d like to know whether median prices of Sacramento homes have recovered from 2006 to 2018, the percentages below might astonish. As always, feel free to call your Sacramento Realtor, Elizabeth Weintraub, 916.233.6759, for more information.

City and Percentage of 2006 Median Prices to 2018
Florin 84%
Woodland 90%
Rio Linda 89%
South Lake Tahoe 93%
Auburn 93%
Galt 92%
Rancho Cordova 92%
Placerville 93%
Elk Grove 94%
Sacramento 93%
West Sacramento 96%
Citrus Heights 95%
Rosemont 95%
Carmichael 97%
Fair Oaks 97%
Roseville 97%
Rocklin 99%
Arden-Arcade 99%
Orangevale 99%
Lincoln 100%
Shingle Springs 100%
El Dorado Hills 101%
Granite Bay 101%
Folsom 105%
Davis 115%