Property in Sacramento County is worth almost $5 billion more than it was last year. A four percent increase is small potatoes if you were in the market during the housing boom.
"It's not going to be big jumps anymore. It's not going to be 20 or 30 percent anymore. It's going to be like it used to be in the old days," Jim Waters with Lyon Real Estate said.
He sees the stabilizing market as a means to get back to our roots.
"Your house needs to be in good condition, it needs to be priced properly, and the bottom line is -- it will sell," Waters said.
Waters called the housing market neutral at this point in time -- not a buyer's market or seller's.
Property values in Sacramento County are going up, but so are property tax bills. Many Sacramento homeowners are going to see a bump of more than 2 percent compared with last year.
Sacramento County tax bills can reviewed online.
The first installment is payable Nov. 1, and postmarked no later than Dec. 5.