How’s the Elk Grove real estate market…your market trends for the week of 10/15

Here is the latest on the Elk Grove real estate market for the week of October 15th through October 21st –

37 new SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $228,000 (up from $215,000) and the average days on the market being 26 days (down from 40 days)!

54 new listings hit the market in Elk Grove CA last week. Of these 54 new listings, only 18 are Elk Grove short sale homes. The distressed property market is becoming a smaller portion of our market it seems each month. We are seeing more homeowners who have equity in their homes realizing now is the time to sell their home!

And 70 listings went pending with the median price being $251,236 and the average days on the market being 26 days!

We still have under a 1 month supply of inventory on the market in the Elk Grove area making this a seller’s market now. We put a home on the market last week at $195,000 and it sold the same day for full price!

Currently we have only 21 REO or bank owned listings are on the market in Elk Grove. Last year at this time we had over 70 REO properties on the market in the Elk Grove area, so you can see just how drastic the market has changed!

If you have been thinking about selling your Elk Grove home, contact us now at (916) 405-5737 while inventory is low! Get your home value online now!

Get Your Home Value NOW! Elk Grove Home Values
Use our quick and easy site to get an instant value for your home! For a more accurate value, or to talk about getting your home on the market, give us a call at 916-405-5737 today!
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