Elk Grove Market Update, August 2021-Seasonal Slowing?
Elk Grove is showing strong price growth year over year, but look at the median price over the last few months;
- April $557,000
- May $600,000
- June $600,000
- July $605,000
- Aug. $598,000
The month over month median price growth has leveled off the last few months. Also, the continuous days on market has gone form 11 days in August to 23 days on our current homes on the market for sale. It sure looks like we are having a more normal last half of the year exhibiting some seasonal slowing.
If you are a home buyer that has been frustrated with the very heated market in the first half of the year, this could be a good time to re-engage in your home search. The market is not slow, but there definitely is more opportunity.
If you are a home seller, year over year pricing is still very good so it still is a good time to sell and it should be easier to find that replacement property you are looking for.
Real Estate Tips
These recommended tips are mostly for home sellers, but it is wise for home buyers to know too because if these items are not in place prior to having the appraiser inspect the California house you are buying, the appraiser will have to come back. It will cost both time and money. Really, who wants to pay for an appraiser to visit the house a second time? Yes, I routinely take care of these items for my clients. I do like to save my clients money and make their transactions as stress free as possible.
Sacramento Real Estate Update
Fires, Multiple Offers, & New Floors, by Ryan Lundquist.
Updates From Across the Country
(for those looking to move to another state)
Elizabeth Market Report by Debe Maxwell, CRS, North Carolina.
September Report for Baton Rouge Neighborhoods, by Chuck Roberts Selling Systems.
Las Vegas Market Report, Aug. 2021, by Rocky Dickerson.
August 2021 Oahu Hawaii Housing Inventory Snapshot, by Theresa Harden.
Home Sale Stats for Ormond by the Sea, Florida-August 2021, by Al Raymondi.
Vacation Home Rental with Brian England, by Brian England, Gilbert, AZ (the East Valley)