Sacramento, Calif.
best sellers market sacramento california
Median listing price: $279,900
Average days on market: 21

Like Oakland, homes in California's capital are being snapped up quickly, with the average listing lasting only three weeks.

"When houses come on to the market, it's a feeding frenzy," said Stephanie Baker, a local Coldwell Banker real estate agent.

Related: House voyeurs return! Zillow, Trulia surge

That demand has helped push area home prices 40% higher in the past 12 months, she said.

All price points are strong. Many first-time homebuyers have entered the market, freeing up sellers of entry-level homes to purchase bigger, more expensive houses.

Now, even the high-end of the market is making a comeback. A colleague of Baker's just closed on a $2 million home. "That was the first one in years," she said.


Source: Realtor.com
Realtor.com bases its rankings on median listings prices, supplies of homes for sale, and days to sell new listing. Housing markets include the entire metro areas.
  @CNNMoney - Last updated March 14 2013 06:22 AM ET
Join the Conversation
Top 10 cities people are moving to

Whether it's the warm weather, jobs or cheap cost of living, these are the top 10 cities Americans are moving to, according Penske Truck Rental's annual list.

Real Estate Calculator
recalchome

Was my home a good investment?

Find out now
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.