Sacramento Condos for March: the Numbers

Condos seem to be getting a bad rap lately. I don't know if it's just me, but I see investors - who were very interested in condos for a while - seem to back away from them. I guess given the choice between having a backyard you can call your very own and paying condo fees, people choose the former.

Anyway, let's get right to the numbers. The median price for condos didn't fare as well as the median price for single family residences. It dropped 24.6% from February to stop at $138,500.

Sales were up however. Sacramento county saw 90 condos sell in March, an increase of 52.5% over February. Pending sales were higher as well - 130 over last month's 116.

202 condos came on the market as new listings in March, bringing inventory down to 7.8 months, an improvement over last month's 11.9

Also read: February's numbers; January's numbers.