SACRAMENTO (CBS13) — Home values were flat in Sacramento in April, according to the real estate company Zillow.
That marks the first month prices have not risen in Sacramento since February 2012.READ MORE: Some Sierra Spots Report More Than 2’ Of Snow Over Past 24 Hours; Chain Controls In Effect
Zillow says, nationwide, home values dropped in April, another first since 2012.READ MORE: Best Places For Halloween: Sacramento Ranks 22nd Among US Cities
The median home value in Sacramento is $411,500.MORE NEWS: Sacramento Sets Storm Record With Its Highest All-Time Rainfall Total Since 1880
There were, however, 89 fewer homes on the market in April, year over year. That translates to a 1.3% drop in inventory.