Elk Grove Homes Market Comparison Report (february 2009 Vs. February 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Elk Grove Homes Market comparing February 2009 to February 2010.Even on the sales price to list price ratio the market seemed to have slowed down as compared to last year.

Summary of Key Points

Elk Grove Homes for Sale has not shown any significant signs of improvement with median sales price remaining the same, median days on market increased and number of units sold decreased.

Key Statistics, Elk Grove, CA: Median Sales Price (-0.70%), Median Days on Market (16.93%), and Number of Units Sold (-36.78%), Sales Price to List Price Ratio (Feb 09 100% - Feb 10 99%)

Elk Grove Homes

The city of Elk Grove experienced a 0.70% decrease in median sales price from last year going down from $249,175 (Feb. 09) to $247,429 (Feb. 2010). Median days on market data for Elk Grove show that houses are selling slower than Feb 09. It took 47 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 55 days (a 16.93% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 242 units were sold compared to 153 for Feb 10 (-36.78% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Elk Grove. SP/LP ratio for Feb 09 was 100% compared to 99% for Feb 10.

Lets take a brief look at neighbors Sacramento and Roseville. Sacramento Homes featured a 10.73% increase in median sales price ($147,625 Feb 09 - $163,467 Feb 10) and Roseville Homes saw a 11.98% decrease ($303,175 Feb 09 - $266,858 Feb 10). Are houses in Sacramento and Roseville selling faster or slower this year? Well, Sacramento experienced a 8.38% decrease (52 to 48 days) in median days on market and Roseville a 1.24% decrease (65 to 65 days). In the units sold category, Sacramento sold 311 units less (-32.60%) in Feb 2010 than 09 and Roseville sold 47 units more (54.65%) in Feb 2010 than Feb 09.

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In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

by: Shaye P

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