Market trends

Local home sales slightly down in January

This post was published 8 years ago. Please, read this page keeping in mind that this home may have sold by now. You can always check current status by calling or texting (530) 356 4500 The Address Realty DRE # 01710206

Here’s our usual monthly chart of local home sales in and around Redding.
Redding area home salesSales are off by a little. The most notable trend is the overall low inventory evident over the last 12 months versus the prior 12. The bars indicate months of inventory available if we sold at our current rate and no new homes came on the market. 6 months inventory is widely considered a healthy condition. You can see, that’s about where we’ve been running. Here’s the numbers behind the chart:
greater redding home salesWhile this seems healthier than than the 2010 numbers, what we’re feeling is a distinct lack of homes for sale in the greater Redding area. Buyers are being told “it’s a buyer’s market,” which is true enough. But when you actually get out and start looking at real homes, it’s pretty slim pickings at the popular price points.

What this means for you. If you’ve been thinking of selling, conditions are much better than they were a year ago. We need listings. Contact us to go over your home’s present value, and learn about our unmatched marketing program at no obligation. (530) 244 7603

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