All real estate is local. That’s one reason why you often see so many conflicting articles in the media. Are sales up, or are they down? It depends on where you look. We compile the results for the greater Metro Redding are that extends from Whiskeytown to Shingletown, and from Lakehead to Lake California to bring you the statistical information relevant to you. Here, we see sales were up by a healthy margin:
The bars represent inventory. Local home sales were well up from the prior month, and up from December in 2009 too. Here’s the numbers behind the chart:
We have noticed the increase in activity in our own practice. We had a terrific month. Also, we have noticed the lower inventory of homes for sale is offering fewer choices than before for buyers. Interest rates are very low, and we have found buyers can easily get financing if they have decent credit scores and reliable income. It is a favorable time for buyers by most objective measures, and it looks like people have figured that out.
Part of the result is the cyclical yearly nature of local real estate sales in general, as evident in the 24 month chart. We also note again that you may see different statistical results posted elsewhere based on different data. We use sales data only relevant to Redding, and exclude sales results from outside the greater Redding area for our monthly report. Call (530) 244 7603 if you have any questions.