The Stockton CA Housing Market Update - January 2022 - Stockton Realtor

This month, we look back at the housing market in 2021 and see what the trends can tell us moving forward into 2022. 📈

Chapters:
0:00 Housing Market Intro
0:35 Homes Pending, for Sale and Sold
1:18 Three Year Chart
3:11 Median Sold Price
4:48 Days on Market
5:25 List to Sales Price Ratio
6:43 2022 Stockton Ca Housing Predictions

The Stockton Ca housing numbers for December slide a little heading into the end of the year. The pending sales dropped from 256, down to 230. The Sold homes fell from 288, down to 247. Finally, the homes for sale in Stockton also went down, dropping from 240 to 185.

This trend of the market slowing down, is pretty common given the time of year. Looking back at a three year chart, we can see that each year, at the end of the current year and the beginning of the next one, there tends to be a bit of a drop in the numbers as things slow down for the winter months.

Taking a look at the median sold price for homes in Stockton, we can see that in the month of December, the median sold price was $418,000. Looking back to December of 2020, where the median sold price was $369,000, we can see an increase of about 13% for homeowners in 2021. This is a nice increase over the course of the year.

Days on market also increase during December, moving up from 21 days to 27. While this is not the break neck pace we saw in the summer months of 2021, it still shows pretty strong buyer demand with homes selling in less than a month, and selling for the full listing price.

Looking forward to 2022 we feel that the housing market in Stockton will still remain strong. There is still a strong buyer demand in the market as people look to purchase homes. With the inventory still below normal levels, prices are likely to continue to increase as 2022 moves on. I predict we will see somewhere between a 5% to 8% gain for homeowners in this new year.

[ Search for Homes here: http://bit.ly/2PipaJq ]

If you have any questions about the housing market or the value of your home, feel free to contact me.

Schedule a 15 Min Call with me: https://bit.ly/2yr1QoR​

Thank you,
David McKeever
m | 209.483.6523
Broker | Advance 1 McKeever Real Estate
Voted "BEST REALTOR" 2019& 2020 Best of San Joaquin County Awards

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