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.