The Blog: David Mckeever

Real Estate Market Update for February 2019 - Stockton CA

Stockton CA:
The activity of the February 2019 Stockton Housing market was positive sign versus the lackluster months of December and January.  The BIG takeaway from February's Stockton housing trends was the spike in the amount of pending home sales.  Pending homes sale spike to 299 vs just 216 the month before.


The the lower amount of new listings and the spike in pending sales, Stockton's Month of inventory fell sharply again down to 1.7 months.  This indicator creates a sellers market once again, a reversal of the trend we have been seeing over the past months of 2018.

 

The sale price to list price ratio in Stockton CA maintained its good ratio at 96%.  While the days on market increase yet again.  The increased days on market could be due to the winter months slow down.

Mortgage Rate Update with Local Lender Kathyrn Vatsula

Stockton CA:

David McKeever, Stockton Ca real estate broker, chats with mortgage lender, Kathyrn Vatsula with Loan Depot, about recent interest rate changes and her take on the 2019 outlook.

David and Kathyrn met to discuss the current mortgage market in February of 2019.  AMong the topics of discussion were.

  1. What are current mortgage rates?
  2. What are the best rates for home-buyers with excellent credit?
  3. Where do you see rates going in 2019?
  4. What are rates for people using Down payment assitance programs?
  5. What are current mortgage rates for real estate investors?

Watch the video below and get the answers to those questions.

 

Real Estate Market Update for January 2019 Stockton CA

Stockton CA:

The Stockton Real Estate Market update presented by Real Estate broker, David Mckeever and Richard Hundley of Advance 1 Mckeever Real Estate.

< Search for Stockton homes for sale http://mckeeverrealestate.com >

New listed homes in Stockton CA were flat in January 2019 vs Dec 2018.  562 newly listed homes took place in January, the exact same amount were listed in December as well.  Inventory is up in Stockton vs this time last year.  In January of 2018, there were just 351 newly listed homes in Stockton.


On a positive note, Pending home sales in Stockton CA spiked 10% which show a good sign moving into the spring months. Sold homes fell in January.

The average days on market in Stockton rose to 46 days.  The days on market trend has been increasing the last few months.  Is this a winter and seasonal trend or the new normal market?

For more market information or if you would like to know the value of your home, contact David McKeever, at 209.483.6523 or email him at mckeeverrealestate@gmail.com

 



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