Sacramento area home prices rising fastest in nation

http://www.sacbee.com/2013/05/21/5437370/sacramento-area-home-prices-rising.html

Sacramento metro-area home values rose a nation-leading 3.4 percent from March to April, Seattle-based data tracker Zillow said today.

Zillow put the Sacramento area's median home value at $252,900 last month, with the monthly percentage surge topping the 30 largest U.S. metro areas tracked by Zillow.

That was up 9.7 percent from the most recent quarter and a whopping 25.4 percent year over year, a byproduct of low inventory and increasing buyer demand. 

Only Phoenix, with a 25.5 increase, topped Sacramento's year-over-year rise in median value.

Read more here: http://www.sacbee.com/2013/05/21/5437370/sacramento-area-home-prices-rising.html#storylink=cpy