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.