Is It A Seller's Or Buyer's Market in 95219?
By Steve Ewing - Keller Williams Realty
Last month in Stockton California in the 95219 area code, there was a seller’s market. Okay, that was last month, what is the current market in the 95219 area code? Where does that information come from?Our local multiple listing service collects data from the preceding month, January 2016, and that data gives us a good feel for the real estate market trends in our areas. According to that collected data the seller’s market we had in the month of December 2015, in the 95219 area code, is still the current market for the month of January 2016 in the 95219 area code. The inventory in the 95219 area code has moved downward 24.2% from the preceding month, making this once again a seller’s market. What are the parameters the multiple listing service uses to determine whether the current...