The median home value in Sacramento has increased 25.7% in as little as one year let’s do a simple math, if you bought a house beginning of this year for $500,000, today it is worth around $625,000.
As the capital of California, one of the hottest statewide markets in the country, Sacramento real estate market appears to be thriving. Most notably, the capital’s latest success seems to be due to its proximity to several other primary cities in Bay Area & low interest rates!
The economic growth that started in the third quarter of 2020 is expected to continue into 2022. The federal reserve’s forecast on real economic growth for 2022 is 3.3%.