Elk Grove Real Estate Market and Elk Grove Homes for Sale in Sacramento, California
Market Conditions and Trends
Elk Grove, California -  Sacramento County
Report Date 
Spring 2007
Nearest Metro Area 
Sacramento, CA
Buyers' or Sellers' Market 
More sellers than buyers
Average Time on Market 
60-90 days
Market Trend 
No Change
Housing Inventory 
Good supply, all prices
Average Home Prices 
$400,000
Compared to last year 
Down 5-10%
Prices As % of Asking Price 
More than 100%
Multiple Offers? 
Yes
Greatest Activity 
Single-Family Homes
Housing Hot Spots 
N/A
Reason to Buy/Sell 
Population Growth
Other Comments 
N/A
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

National Summary: Outlook Positive in 2007 for Existing U.S. Home Sales; Balanced Market Continues

After making a significant correction last year, the overall U.S. housing market continues to achieve a rare balance between buyer demand and seller supply. Consumer confidence is up, unsold housing inventories are starting to come down and home prices are stabilizing in many areas across the country. As a result, home buyers are better able to negotiate prices and terms. Home sellers have become more innovative and flexible. The majority of sellers report they are getting 95-100% of asking prices even though most homes are taking more than 60 days to sell.  more...