Saturday, December 01, 2007

Radar Logic: Sacramento Real Estate Places Dead Last Again

From the Sacramento Business Journal:

The average price per square foot of homes sold in the Sacramento metropolitan area fell nearly 15 percent in a year, the biggest drop among 25 major national markets tracked by Radar Logic Inc., the New York-based real estate analyst reported Friday.
The Sacramento real estate market has ended up in last place for three consecutive months, beating out markets such as San Diego, Las Vegas, and Tampa. Sacramento also claimed the bottom spot for condo price appreciation for the third month running, with prices plunging 21.5% compared with the prior year.

Radar Logic September Report [pdf]