Sacramento Home values drop 7.4 percent

Sacramento Business Journal reports:

Median home values in the Sacramento area dropped 7.4 percent in the first quarter from a year ago, the latest evidence the housing market slowdown continues in the region.

Yolo County endured the region's largest decline in value, at 13.2 percent to $394,990, according to Zillow.com, an online real estate tracking company in Seattle.

I guess home prices aren't going up every year in California.