The final numbers are in for Stockton's housing market. How did the Stockton Ca real estate market fair in 2016? Below are a few charts and data for the results of the Stockton housing market in 2016.
The numbers of homes for sale in Stockton remained unchanged from this time one year ago. Inventories of homes for sale in Stockton grew over the spring and summer months but started their decline into the fall of 2016. As of this writing there are only 468 homes for sale in Stockton, just a 2.1 month supply of homes! It's a sellers market.
The median home price in Stockton from December 2015 - December 2016 grew 11.1%. That's a nice gain for homeowners in Stockton CA. We anticipate this to keep moving upward considering the lack of homes in Stockton. 2017 may not bring double digit returns like this but still an increase.
Similarly to the median price increase in Stockton homes, we also saw an increase in the average price per sq foot. The average price per square foot for Stockton's homes for sale climbed 13.8% vs this time one year ago.