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James Tan MBA Broker/REALTOR - Bethany Real Estate & Investments – Elk Grove  

2022 had been another tremendous year for real estate. Prices continued its upward trend. In 2022, the Greater Sacramento market including Elk Grove became sizzling hot until August.  For a thorough discussion on the Sacramento market trends, click here to read an analysis by Ryan Lundquist a well known analyst in this region.

Since late 2022, the Greater Sacramento market had shifted. It is no longer a sellers market, often times, sellers had to mark down their prices, and adjusted their expectations. According to the Sacramento Association of Realtors, Median sales price increased 2.9% from $500,500 in March to $515,000 in April 2023, a 9% decrease from April 2022 ($565,500). However, starting March, the market conditions improved, especially at the lower end of the spectrum. This was partly due to the “first time buyers” down

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