Single Family
Active listings:  164
Under contract:  23
Sold & Closed:  48
Average days on market:  181   

Condo/Towhomes
Active listings:  167
Under contract:  16
Sold & Closed:  46
Avg days on market:  182

With 1/2 of 2008 behind us, Elk Grove Real Estate and Homes have had the same results as other area towns.  Many available (active) listings, and not a whole lot of sales.  There are people selling, but it is at extremely reasonable prices.  If you put your home on the market right now, and it is even just a little overpriced it won’t go anywhere.  But when you price correctly, you still can find the right buyer.  It may just take a bit longer.  But you have to be priced right for when that buyer does come along, or else they will just keep looking.

Data from MRED MLS from 1/1/08 – 6/30/08