The Days on Market in Elk Grove Shows Neutral Trend
The average Days on Market in Elk Grove (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for August 2017 was 18, up 28.6% from 14 days last month and down 25% from 24 days in August of last year.
The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List Price in Elk Grove reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 100% is down 1% % from last month and up from 1% % in August of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All info from Metrolist