Real Estate Market Trend in California Cities
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Median Days on Market
Even though all the analyzed cities showed decline in home values, the Median Days on Market for all the cities are less than they were in November 2008. Dropping home values, thus, is resulting in faster sales. 2 no matter the 5 cities saw double digit drops in Median Days on Market whereas the remaining experienced modest drops. Lodi and Lathrop were the massive winners in this category both seeing 15 day drops in days on market - 51 days to 36 days and 43 days to 28 days respectively.
Overall the properties sold a year ago in November 2008 were 1019 homes in comparison with 744 homes this year in November 2009. Fewer homes were sold this year than in 2011 and this shows that regardless that dropping house values brought about faster sales this November, the number of homes sold has had adversely. A big trigger that is the lower in Bank Foreclosures.
Where contain the Bank Foreclosures gone?
Just like North Bay and Sacramento, Bank Reo's have declined in Stockton as well. The decline bank foreclosures could possibly be due to 27% fewer homes sold this November compared to November 2008. All of the cities had double digit decreases in Bank Reo's with the highest 3 being Tracy Homes (-51.44%), Lathrop Homes (-42.11%), and Manteca Homes (-39.56%).
Number of Months Inventory
The most important inventory of homes was in Lodi (6.68 Months) leading to Tracy Ca Homes For Sale (5.82 Months). Manteca Ca Homes For Sale (5.30 Months) and Stockton Ca Homes For Sale (5.32 Months) had the smallest inventories.
It's also possible to access Stockton Ca Homes For Sale for viewing the most recent market inventory
Homes on the market for MLS Search,
Bank REO / Short Sale Search
Foreclosure Search ( Outside MLS)
Just Listed Properties
Income Properties (1-4 units)
New Construction Homes
In addition you might find comprehensive Lending details on FHA, VA, USDA, Conventional Loans. You will find web content for every single major city in California with loan products specific to town including City Down Payment assistance offered.