Скачать или смотреть The Stockton CA Housing Market Update - June 2023 - Best Stockton Realtor

This month we are officially back to a sellers market in the Stockton housing market update for June of 2023!!

The most important number to look at, on our first chart, is the number of homes that came on the market. This number went even down further from last month. It fell from 202 down to 201, which is an all time low for the Stockton housing market. Other changes see the pending sales going down slightly this month, from 237 to 233. The number of homes sold in Stockton went up from 165 to 228, most likely as a result of all the pending homes we saw last month.

When we look back to this time last year, we can see that the number of homes on the housing market was much higher, at 379 homes, as compared to 201. Showing that the number of homes available to purchase in Stockton is much lower than usual. This has brought back multiple offers on homes and will continue to stabilize, if not raise, home prices.

Looking back at a fifteen year chart we can see just how low the inventory levels have fallen. This month, the number of homes on the market is at the lowest point on this entire chart. Again, this emphasizes just how few homes are on the Stockton housing market and confirms we are indeed in a seller's market.

Taking a look at home prices across the country, we can see that prices overall have begun to to gain some appreciation. After dropping in the months starting in July through December of 2022, January of 2023 saw prices begin to rebound and slowly tick up over the next four months.

Looking at home prices here locally, we can see a similar trend. The average sold price of homes in Stockton began to go down in July of 2022, hitting a low point of $422,000, but in February prices began to recover going up to $458,000 last month.

This trend continues as we look at the average list price to sales price ratio. We can see that the last four months this ratio has continually ticked upwards moving from 92% up to 99% last month.

Days on market are also down as compared to a few months ago. Last month homes were on the market for 46 days. We expect this number will continue to go down as inventory shrinks and competition among buyers becomes more intense.

What do you think about the Stockton housing market? Do you think prices will continue to go up? Is there still plenty of buyer demand to keep the housing inventory low?

Let us know what you think in the comments!


Chapters

0:00 Introduction
0:20 Homes for Sale, Pending, & Sold
1:54 15 Year Chart
2:58 National Home Sale Prices
3:46 Average for Sale and Sold Price in Stockton
5:00 Sales Price to List Price Ratio
5:36 Days on Market

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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


WEBSITE: http://www.Mckeeverrealestate.com​​
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