Market trends

Home sales in Redding area up sharply in May

This post was published 9 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 the chart. We had a great month, and it looks like everyone else did too.
We were a little surprised to see that inventory remains so low. It felt like we were starting to see more homes on the market, which is true. We had more listings. but the increase in sales gobbled them up, so levels remain very low. Here are the numbers behind the chart:
Regular readers know that we use home sales data from the greater Redding area, not just all of Shasta County. So you often see different numbers posted elsewhere for the month. These are the statistics most relevant to our burokerage, home sales roughly from Shingletown to Whiskeytown, and Lakehead to Lake California.
If you have been thinking of selling, it’s a great opportunity. There are buyers looking. And mortgage interest rates have only just started to creep upward, so demand remains very strong.

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