We analyze several housing market indicators in order to present an in-depth breakdown of Elk Grove Homes Market comparing March 2009 to March 2010.
Summary of Key Points
Elk Grove Homes for Sale has shown small signs of improvement with number of units sold increasing marginally.Sellers received full asking price.
Key Statistics, Elk Grove , CA: Median Sales Price (-2.01%), Median Days on Market (15.31%), and Number of Units Sold (3.56%), Sales Price to List Price Ratio (March 09 99% – March 10 100%)
Elk Grove Homes
The city of Elk Grove experienced a 2.01% decrease in median sales price from last year going down from $247,668 (March 09) to $242,695 (March 2010). Median days on market data for Elk Grove show that houses are selling slower than March 09. It took 52 days in March 09 for a house to sell and for March 10 that number has gone up to 60 days (a 15.31% deterioration). Another important factor to consider is total number of units sold. In the month of March 09, 253 units were sold compared to 262 for March 10 (3.56% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Elk Grove. SP/LP ratio for March 09 was 99% compared to 100% for March 10.
Let’s take a brief look at neighbors Sacramento and Roseville. Sacramento Homes featured a 7.17% increase in median sales price ($151,954 March 09 – $162,846 March 10) and Roseville Homes saw a 4.58% decrease ($295,062 March 09 – $281,534 March 10). Are houses in Sacramento and Roseville selling faster or slower this year? Well, Sacramento experienced a 1.94% decrease (55 to 54 days) in median days on market and Roseville a 0.95% increase (74 to 75 days). In the units sold category, Sacramento sold 150 units less (-13.95%) in March 2010 than 09 and Roseville sold 3 units less (-2.14%) in March 2010 than March 09.
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