If you’re planning to sell a home in 2018, you’re in the driver’s seat.
Stockton has a shortage of homes to purchase and rent. Currently, Stockton has ranked as the country’s 4th hottest real estate market in the U.S; There is presently only 1.6 months of inventory with no real housing relief in sight.
The median home value in Stockton is $268,500. Stockton home values have gone up 11.1% over the past year, and housing sources predict they will rise 4.5% within the next year. The median list price per square foot in Stockton is $174. The median price of homes currently listed in Stockton is $275,000 while the median price of homes that sold is $271,060. The median rent price in Stockton is $1,438.00.
Below is a look at National Real Estate Data provided by several top forecasters projecting price appreciation. We think this data is helpful when viewing Stockton against a national backdrop.
|Forecast provider||Price appreciation|
|National Association of Realtors’ prediction for full-year price growth for previously-owned homes||5.5%|
|Goldman Sachs’ Credit Strategy Research group||3%|
|National Association of Home Builders||4%|
|CoreLogic forecast October 2017 – October 2018||4.2%|
In short, the market is a Seller’s market. Contact one of our real estate professionals for an in-depth market study of your home’s value and take advantage of a real estate market that has climbed its way back.