How’s the Elk Grove Real Estate Market? Your Weekly Update….

As the 2012 Holiday Season gets into full swing, how’s the Elk Grove real estate market? Here is the latest on the Elk Grove real estate market for the week of November 19th through November 25th –

23 new SOLD and closed listings in the 3 zip codes of Elk Grove (95624, 95757 and 95758) with the median sales price being $211,000 and the average days on the market being 34 days.

Only 29 new listings hit the market in Elk Grove CA last week. Of these 29 new listings, only 11 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 53 listings went pending with the median price being $250,226 and the average days on the market being 33 days!

We had a listing in Elk Grove (95757) and had over 70 offers on it last week! It was crazy! Yes, it was priced well, however it was not undervalued…the market is just going up and there are a lot of buyers out there right now! 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 have buyers waiting for homes to come on the market in all prices ranges in Elk Grove!!!

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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