Revealing local housing chart shows price increase trend

This post was published 6 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 haven’t shown this chart in a while. It’s quite striking. Look at the price increases.
May2013MarketsummaryThere’s lots of good data visualized here.
Absorption Rate can be thought of as Inventory on Hand, sort of. It’s generally thought that having about 6 months of inventory is a normal market, and as you can clearly see, we are not anywhere near normal at just over 3 months. Low housing inventory in the Shasta County area is pushing prices up.
Another interesting chart is the Sold to List ratio. Many buyers are surprised to learn that houses generally sell near asking price. Many want to lowball at 10% below list, or even more. Not so much anymore!
These charts include all the local MLS which lately means a lot homes outside just Shasta County, so this is perhaps best thought of as a regional overview.
Information is deemed to be reliable, but is not guaranteed. © 2013 MLS and FBS.
Prepared by Skip Murphy on Wednesday, June 19, 2013 6:59 AM

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