Tag Archives: elk grove

The Days on Market in Elk Grove Shows Neutral Trend

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

Facebook Pinterest Email Twitter Linkedin

The Average Sold Price per Square Footage in Elk Grove is Appreciating

The Average Sold Price per Square Footage in Elk Grove is Appreciating

The Average Sold Price per Square Footage in Elk Grove is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the ‘mix’ of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The August 2017 Average Sold Price per Square Footage of $206 was up 0.5%from $205 last month and up 10.2% from $187 in August of last year.
* Based on 6 month trend – Appreciating/Depreciating/

Facebook Pinterest Email Twitter Linkedin