Upward Trend in Existing Stockton Homes for Sale

The upward trend in home sales is national in scope but alive in Stockton. September was strong for existing home sales. This real estate market activity was largely driven by first-time home buyers. According to the National Association of Realtors September was the fifth month of gains. In the Western United State home sales surged 13% in September and 5.7% over last year.

Stockton Statistics for September 2009

• 6,691 homes in Stockton were sold during the last 12 month period, this average 558 homes per month compared to 350 homes per month in 2008.
• At the end of September there were 1,941 homes for sale in Stockton including 816 pending home for sale with a inventory of 1,125 for sale.
• This leaves an 2 month inventory after adjustments for pending home sale.
• There were 511 homes sold in Stockton for the month ending in September.
• The average price for existing homes sold was $138,000 or $80 per square foot.

Inventories are tight but there is the expectations that inventory will increase in the near future with regular sellers coming into the real estate market and a flood of foreclosures on the horizon.

If you’re considering selling your home The Hugh Lilly Real Estate Group at PMZ Real Estate is your best bet, we are the largest real estate company in the Central Valley San Joaquin County and Stockton. Our marketing plan is second to none bringing you the results you expect and deserve. Call Hugh Lilly at 209-479-9222 or visit www.hughlilly.com for a free home evaluation and custom marketing plan.