Redding Real Estate Market Update 1/5/10

Real Estate Agent with Next Generation Real Estate Services

Well the holidays are over and its back to our scheduled programming! I figured that it was a great time to start the New Year with some updated statistics on the Redding real estate market and where its been over the past 6 months with our ever-changing market.

You'll notice that the number of available listings has been steadily decreasing since July when there were over 1,500 available properties...with January increasing over December from those listings that had been taken off for the holidays and then re-added in January and those that waited for the "New Year" to list. What does this number mean? Well...there are fewer homes currently available than the last few months which is good for buyers but there is still quite a bit of inventory for buyers to choose from. It is a good time to list a home (with less competition) than there was a few months ago and the tax credits are making it good for both first time and move-up buyers while helping provide an incentive that sellers see helping to get more homes sold.

Available residential listings as of January 4, 2010: 1,304
December 2009: 1,258
November 2009: 1,332
October 2009: 1,396
September 2009: 1,470
August 2009: 1,511
July 2009: 1,565

Total # of Homes that closed escrow during 2009: 2,047
December 2009: 185
November 2009: 170
October 2009: 216
September 2009: 213
August 2009: 174
July 2009: 181

Total Homes in escrow: 386 (down from the low 500's in October)

If you'd like more information on the Redding real estate market, short sales, REO's or would like help with starting to buy or sell a home we'd be happy to help!

Clint and Mindy Cronic

Next Generation Real Estate Services

942 Merchant Street, Redding, CA 96002

(530) 227-0345

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