Modesto Real Estate Market Continues Downward Trend in Price Cuts

Sales in the Modesto market fell to four homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with six price reductions in the same time frame. A months of inventory number of four reported this week continued a four-week downward trend, to go along with the weak number of price reductions in the area.

Early bird gets the worm, so be sure to take a look at these new listings in Modesto:

$455K   $250K   $399K  

Get started right now by checking out Modesto homes for sale or reviewing Modesto real estate trends.

Demographic facts about Modesto:

  • The median value of all homes in the area is $120,500.
  • This area usually gets 52 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 15.5%.
  • The student-to-teacher ratio is 21.2:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
PMZ Real Estate
Snapped 4 homes in this area
Alliance Bay Realty
Snapped 5 homes in this area
Realty ONE Group Gold
Snapped 2 homes in this area

Agents that specialize in this area
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