The Blog: Stockton Housing market

Real Estate Market Update - November 2018 Stockton CA

Stockton CA:
Newly listed homes in Stockton CA fell in November after 7 straight months of increase inventory. 660 homes were listed in Stockton in November of 2018 vs 444 in November of 2017. This decrease in newly listed homes mimics last Novembers drop in homes as well.  Both pending sale and sold homes in Stockton also fell.  

Stockton CA Newly Listed Homes, Pending Sales and Sold

The number of days homes are staying on the market increased in November of 2018 in Stockton CA.  This trend was the same in November of 2017.  It's to early to tell whether or not this is a new trend or just a seasonal repeat of years past.  This days on market statistic has been ebbing a flowing for most of 2018.  It is hard to identify a real trend given the chart below.
Stockton CA Days on Market

Stockton home prices have continued to level.  As seen in the chart below, Stockton CA home prices remain in a neutral trend.  I see this trend will continue in the next few months.  It will be interesting to see what happens in the spring and summer months of 2019 with the anticipation on increased interest rates.

Stockton Real Estate Market Update - September 2018

Stockton CA:

September of 2018 saw an increased amount of the number of listings versus August 2018.  This is the 7 month in a row where the number of newly listed homes for sale in Stockton rose.  It is a normal trend over the past number of years that new listings rose in the summer and fall months, however, the number of new listings, 693, is more vs last year, 527, is higher.


Stockton CA: David McKeever & Richard Hundley talk about the changing trends in the Stockton Real Estate market. 

Pending Sales: Pending home sale dropped slightly from the previous month and sold homes feel as well, creating more supply in the home buying market.

The Months of Inventory spike to 2.8 months in September. Up 74% vs September of 2017. We are now in a neutral market. A neutral market suggest we should have 3-6 months of inventory of homes for sale.

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For more information about the value of your home, contact Stockton real estate expert & broker, David McKeever 209 209.483.6523

Stockton Real Estate Market Update - August 2018

Stockton CA: David McKeever, Broker with McKeever Real Estate in Stockton, and Richard Hundley, Broker cover the latest real estate housing trends for the city of Stockton CA.

The amount of new listings in Stockton Ca rose 15.9% in August 2018 vs July 2018.  There were 677 newly listed homes.  There were 369 pending homes, which was a 37% change vs July 2018.  The big difference could have been due to the lackluster June and July months being so inactive. 

The average asking price and average sold price trends in Stockton CA are showing a NEUTRAL trend Stockton.

DOM: The days on market trend went up to 33 days vs 24 in July 2018.



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