Local Pending Home Sales up

According to the California Association of Realtors, Pending home sales are up statewide. There are 660 local homes Pending sale today, according to the Shasta MLS. Contrast that figure to most of 2011, when there were just over 500 on any given day.
Relocate to ReddingOf the Pending, 245 are short sales. Waiting for a decision from a lender, most likely. 156 are foreclosed homes for sale (REOs). That leaves 259 “normal” sales underway.
We’ve noticed short sales becoming more successful. That may reduce the REOs available for sale over the longer term. Meanwhile, things are hopping in our local market. Let us know if we can serve your needs. Call (530) 244 7603

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