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Redding Real Estate Market Statistics 8/28/08

The Redding, California real estate market has seemed to pick up over the last 3 weeks. After viewing a home 2 times for one client the day we went back for the 3rd visit the home went into escrow after being on the market only a month. Another client has seen a couple of homes recently go into escrow that they were considering which is a sign that buyers are trying to actually get into a home before interest rates rise due to uncertain economy.

Residential Listings: There are currently 1893 active listings and another 376 listings that are pending (in escrow). Last week there were 1886 active listings with another 393 in escrow which was up from 1,702 active listings 3 months ago!

To read the entire post about the local Redding Real Estate Market click here

Posted Thursday Aug 28