We analyze several housing market indicators in order to present an in-depth breakdown of Modesto Ca Homes for Sale Market comparing December 2008 to December 2009.

Summary of Key Points

Modesto Ca Homes for Sale market has worsened from Dec 08 – 09

Median Sales Price (-13.93%), Median Days on Market (-4.93%), and Number of Units Sold (-23.66%)

Big Picture: Modesto is in the majority of cities in North California that saw declines in number of units sold

Modesto Ca Homes for Sale

The city of Modesto experienced a 13.93% decrease in median sales price from last year going down from $163,389 (Dec. 08) to $140,628 (Dec. 09). Decrease of a little more than $20,000 is not a huge decrease but it is not insignificant either. The decline in median sales price is just the beginning of Modesto’s troubles. Modesto suffered a 4.93% decrease in median days on market – not noteworthy at all considering it translates to a mere 3 days. The main problem for Modesto comes in the form of units sold. Number of units sold was 393 for Dec 08 and 300 for Dec 09, a decrease of 23.66%. This does not come as a surprise as none of the cities in the area saw an improvement in units sold. Modesto saw a very slight improvement in its SP/LP ratio – 99% Dec 08, 100% Dec 09. Sellers should be happy about that however it’s unlikely since median sales price and units sold both took hits.

As noted earlier, neighboring cities Turlock and Merced suffered the same fate as Modesto. Both Turlock and Merced experienced a decline in median sales price and units sold. Merced ca homes for sale took a 14.31% hit in median sales prices and a massive 46.84% decline in number of units sold. Turlock ca homes for sale saw a 17.52% decline in median sales price and a 23.81% decrease in units sold. Keeping with the general Northern Ca trend, both cities however did see a decrease in median days on market, 3.07% for Merced and 32.20% for Turlock.

Consult latest research and find Home For Sale in all major cities in California including Modesto Ca Homes for Sale, Merced Ca Homes for Sale, Turlock Ca Homes For Sale.

You can also access Modesto Ca Homes For Sale for viewing the latest market inventory

• Homes for sale for MLS Search,
• Bank REO / Short Sale Search
• Foreclosure Search ( Outside MLS)
• Just Listed Properties
• Income Properties (1-4 units)
• Condo searches
• New Construction Homes

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.

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