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.