Lincoln posted one of the region’s sharper price drops even as sales rose
The city's median sale price fell 5.1% from a year earlier, one of the sharper declines in the region, while sales climbed and homes changed hands slightly faster.
The city's median sale price fell 5.1% from a year earlier, one of the sharper declines in the region, while sales climbed and homes changed hands slightly faster.
Homes in the college town sold in 20 days over the three months ending July, roughly a week quicker than last year, even as the median price slipped.
Home sales in West Sacramento jumped 34% from a year ago, driven by shrinking inventory that has kept the market firmly tilted toward sellers.
The City Council took a first step toward funding public services in a new Villages West neighborhood and signed off on splitting a Main Street property into three home lots.
The headline price slipped more than 4% from a year ago, yet price per square foot climbed nearly 18%, a sign smaller homes are pulling the median down.
Sales jumped by a third from a year ago while homes sold nearly a week and a half faster, tilting the market firmly toward sellers.
The City Council approved a land purchase near Lakeside Church using the city's dedicated housing fund and set in motion a special tax district to build public infrastructure in the growing Folsom Heights neighborhood.
The headline price dropped nearly 17% over the past year, yet buyers paid slightly more per square foot — a sign that smaller homes drove the decline in this thin market.
The city's median sale price rose 2.5% year-over-year while the number of homes sold jumped nearly 20%, tightening an already low-supply market.
The council took up two housing-related items this week — a new parcel map splitting a property at 3849 Y Street and a plan to recover unpaid fees the city racked up dealing with dangerous and blighted buildings.