Vlog #7: Whoa, There is Only How Many Homes for Sale?

VLOG #7: In this episode we're bringing updated real estate market trends for the Stockton & Lodi Markets. It's a good one to listen to if you are thinking of buying or selling your home!

Below the video are the real estate data charts which we show in our video.  Please scroll down to take a more detail look at them.  For further, detailed information, about the real estate trends in your specific zip code, check out our MARKET TRENDS page. 





LODI CA Real Estate CHARTS for May 2017




Stockton CA Real Estate Market Trends May 2017

April 2017 continued to favor the Seller's! The number of for sale listings was down 5.5% from one year earlier and down 8.5% from the previous month.

The number of pending sales were up 10.9% compared to the previous month and up 10.3% compared to the previous year. The Months of Inventory based on Closed Sales is 1.5, down 6.4% from the previous year.

The Average Sold Price per Square Footage in Stockton Ca was up 1.2% compared to the previous month and up 12.4% compared to last year. The Median Sold Price increased by 4.8% from last month.   The Average Sold Price per Square Footage is a great indicator for the
direction of property values.

The Average Days on Market showed a neutral trend, a decrease of 19% compared to the previous year. The average Days on Market (DOM) shows how many days the
average property is on the market before it sells.

Is Your Home Worth as Much as You think?

 Vlog #6 - Is Your Home Worth as Much as You think?

We look at the recent Home Price Perception index report from quicken home loans which evaluates home sellers expected values of their home vs the appraised value?

The gap between appraiser and homeowner opinions of home value increased in April as homeowners overestimated the value of their homes by 0.69%. Meanwhile, home values bounced back, increasing by 0.28% in April following a March decrease in prices.

To have success and to sell your home in a reasonable time frame, it’s important for homeowners in the market to have an accurate expectation of home value.

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