The Latest Elk Grove Real Estate News – By Agent Allan Sanchez 
The Elk Grove real estate market is always changing and last month was no exception. The big news to report is just how MANY homes for sale there are in Elk Grove. Home inventory went up almost 5% last month and it’s up 55% since last year. What does that mean for Elk Grove home values? It means they won’t be gaining much value anytime soon.
Let me explain what happens when there are LOTS of options for Elk Grove buyers. Buyers are looking for the best house for the best price. With a 2 month supply of homes for sale, there is a lot to choose from. Elk Grove sellers need to price their homes competitively to stand out from the crowd. It’s the unique homes (larger lot, lots of upgrades, or total fixer) and are priced RIGHT that have the best chance of selling in this Elk Grove buyer’s market!
Elk Grove home prices have definitely improved. They are up almost 2% in the last month, and 8.6% since last year. That’s healthy and steady growth. However, I’ve seen in my 15 years selling Elk Grove real estate, prices remain pretty flat when a large amount of homes come on the market at the same time.
Last year Elk Grove was in a seller’s market. This year, it’s a buyer’s market. See how quickly things change! If you want to sell your home, there are things you can do to be competitive and sell for the most money possible and within your time frame. Take the time to speak to an experienced Elk Grove real estate agent who can give you guidance and point you in the right direction!
NOTE: This article was written on 7/8/14 and real estate market conditions are constantly changing. Check out allanshomes.com for the latest info!
The Latest Elk Grove Real Estate News – By Agent Allan Sanchez
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