The Stockton CA Housing Market Update - November 2021 - Stockton Realtor

This month, as we head into the holiday season, we see a continuing shift back toward a more normal market! 📈
Chapters:
0:00 Housing Market Intro
0:21 Number of Homes for Sale
1:26 4 Year Chart
2:57 Days on Market
4:13 Average SOLD Price
5:15 What could slow the market down?

The Stockton housing numbers for October show that, buyers will still have more homes to choose from. The number of Stockton homes for sale in October went from 336 homes, up to 326 homes on the market. While this number is slightly down from last month, it is still more homes than have been on the market than in recent months.

The pending sales went up quite a bit from last month, climbing from 286 to 327 showing that there is still buyer demand for homes.

Taking a look at a four year chart, we can see that the levels are inventory are still quite low, as compared to two or three years ago. Meaning that the market is still favoring the seller.

Also looking at a four year chart we can see that homes are still selling quickly in October of 2021. Homes were going pending in just 20 days. While they are taking a little longer to sell than a couple of months ago, the four year chart shows in 2019 homes were taking a little over 60 days to sell. Again, showing the buyer demand for homes in Stockton is still strong.

The average SOLD Price reached $431,000 last month. Roughly a $20% gain from one year ago. The Average Sold price in October 2020 was $385,000

[ 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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