Realty Times - Modesto, California Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > California > Modesto

Market Conditions Summary for Modesto, California

Reported by
Lura Bailey
as of 3/2/2011:

As we approach the new 2011 Spring market, there are more listings poping up. Buyers have more to choose from in terms of available homes.The good ones go very fast. We are happy to report short sales are moving towards approval at a quicker pace... MORE->

Reported by
Ben Balsbaugh
as of 2/5/2011:

The Central Valley real estate market has, and continues to be, dominated by distressed home sales. For 2010, approximately 50% of all home sales were foreclosures, 25% short sales and 25% traditional. Of the 25% traditional sales, I would estimate... MORE->

Reported by
Dan Phipps
as of 6/15/2010:

Our local market is clearly moving from a strong seller's market and transitioning into a buyer's market. For a full write up on Modesto market conditions, please visit my website at www.LovelyModestoHomes.com and look for the Modesto Market... MORE->

Average Current Market Rating: 2.3 (3 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 3.3 (3 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > California > Modesto

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.24%
1 Year Adj: 2.74%
(U.S. Weekly Averages)

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