Elk Grove real estate prices have increased!

Elk Grove real estate inventory has been at a 5 year low for the past couple of months and we are now seeing prices increasing. Not dramatically…little by little. Here is a quick snap shot of the current Elk Grove real estate market.

At the end of July 2012 home prices in Elk Grove, CA had climbed to an average dollar per square foot of $112.  This is the highest they have been in the past 2 years.

Elk Grove real estate sales are still outpacing new listings

Our Elk Grove home inventory has been at it’s lowest level in 5 years for the past few months.  With so many buyers out in the market, homes are not staying on the market for long as most are selling quickly with multiple offers.  July’s SOLD and closed homes outpaced the new listings for the 5th month in a row.

Current market inventory in Elk Grove CA is still under 1 month.  This means that if no more homes went on the market in the next month, at the current rate of sales, we would be out of the home inventory in less than one month.

If you have been thinking of selling your home in Elk Grove, CA, call us today to get your home’s value and to find out why now is the time to sell your home.

 

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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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