Modesto Real Estate Market Conditions & Reports, Modesto Market Trends, California

Market Commentary Provided by David Newman

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

David Newman
PMZ Real Estate
Modesto, California
209-765-7264
dnewman@pmz.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$225,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down more than 30%

Prices As % of Asking Price

85-90%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Modesto is

Seller Activity for the past 90 days in Modesto is

Is Financing Available For Qualified Buyers in Modesto?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Patterson has good pricing.

Reason to Buy/Sell

Other

Average Sold Price

$225,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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