Median home prices hit highs in El Dorado, Placer
By Tony Bizjak, Sacramento Bee
Regional home prices hit 12-year highs last month, according to data, fueling a discussion of whether the area is experiencing a bubble that could burst.
The median sales price in Sacramento County hit $360,000 in May, the highest price in any month since 2006, just before real estate prices took a major tumble amid deep recession.
Median sales prices in El Dorado County and Placer also hit highs, at $518,000 and $490,000, respectively.