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Market Conditions and Trends
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Elk Grove, California - Sacramento County
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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.) |
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California Homes for Sale | Real Estate Nationwide | Hot Real Estate Markets | Sacramento Real Estate | Elk Grove Homes for Sale |
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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... |
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