Local housing market graphs for April

This post was published 7 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

We like to look at local home sales every month. Here’s April results.
Redding area home salesAgain we see inventory is down over the last 24 months. The bars reflect Days of Inventory, or how long it would take to completely sell out if no new homes come on the market.
Shasta County home salesAbove, the numbers behind the chart. Sales were slightly off for the month. Again, we think this is because there are buyers out there with no homes to buy. Currently the local Shasta MLS is filled with homes outside our traditional marketing area, like Alturas, Weed, and Weaverville. If you want to live in or near Redding, chances are you are not shopping that far outside the area. Accordingly, the numbers seen here are only the immediate area near Redding, and exclude outlying areas. You may see different numbers elsewhere, but this is what we use to try to be more accurate to local sales.

Here is a different set of charts from what we have shown here before. This set reveals some important general trends.
local housing in the redding areaI put red arrows on some important points. List Prices are trending up. Days on Market is trending down. Most importantly, Sold to List Ratio is practically exponential. That shows that homes are selling much closer to list price than before. No more lowball offers if you want to be successful in this market.

If you’ve been thinking of selling, this is the best market in years for buyer demand. We do an awesome job of real estate marketing, using online video and the latest mobile technology to get your property seen. Call or Text (530) 255 4070

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