Our inventory levels remain incredibly low...
It continues to be a solid seller's market with a void in inventory. Redding's strong market stats are up with median price for February 815K vs last years 703K, a 16% increase. Last year during this time we sold 16 units vs 8 this month. We need homes to sell!
There continues to be a healthy pool of buyers in all price points ready to jump in and if you are one of them be prepared and work with a experienced agent.
As predicted mortgage interest rates are creeping up.
Rents will continue to rise, increases will remain about 5% pushing many people to see the benefit in buying.
If you know anyone who is thinking about buying or selling have them call
Blackstone Properties today, we would love to assist!
