Dive Brief:

• Sacramento, bouncing back in a big way from the recession, has been seeing drastic rises in real estate prices the past two years—but that may be changing.
• Real estate information service DataQuick released figures that showed gains in median home prices were dropped to the single digits in Sacramento, Placer, Yolo, and El Dorado counties.
• This July, median home prices rose just 8% from 2013—compared to a staggering 45% jump from July 2012 to July 2013.

Dive Insight:

Not only did the gains in home prices slow down in July, but the sale of all homes in Sacramento County was 9% less than the historical average for July dating back to 1988. While this is good news for potential home-buyers in the middle class, sales for upper range homes is still on the rise. Not everyone is convinced that the drop is an indicator of a trend, however. David Ragland, chairman of the North State Building Industry Association, said that while prices have slowed, it is still well above the 3 percent-4 percent appreciation rate of a ‘normalized’ market.”