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The California Association of Realtors put together this great infographic showing the interest rates over the last few decades. With rates currently hovering around 3.5% and prices lower than they have been in the 8 years, its never been a better time to buy.
Home sales continue to show signs of our market improving. September’s average sales price for a home in Redding was $194,802. That is up from September 2011 $176,876. Shasta County had 212 homes sold in September.
|
Statistic
|
Sep-12
|
Sep-11
|
% Chg
|
2012 YTD
|
2011 YTD
|
% Chg
|
|
Absorption Rate
|
3.91
|
6.09
|
-35.80
|
4.13
|
7.02
|
-41.17
|
|
Average List Price
|
$304,973
|
$281,020
|
8.52
|
$241,760
|
$237,780
|
1.67
|
|
Median List Price
|
$215,000
|
$195,000
|
10.26
|
$180,650
|
$179,900
|
0.42
|
|
Average Sale Price
|
$202,828
|
$182,691
|
11.02
|
$180,343
|
$182,002
|
-0.91
|
|
Median Sale Price
|
$171,000
|
$167,500
|
2.09
|
$159,995
|
$155,000
|
3.22
|
|
Average DOM
|
133
|
110
|
20.91
|
119
|
130
|
-8.46
|
|
Median DOM
|
101
|
93
|
8.60
|
88
|
100
|
-12.00
|
|
Sep-12
|
Sep-11
|
% Chg
|
2012 YTD
|
2011 YTD
|
% Chg
|
|
| Absorption Rate |
4.12
|
6.32
|
-34.81
|
4.31
|
7.16
|
-39.80
|
| Average List Price |
$325,087
|
$287,470
|
13.09
|
$249,453
|
$240,423
|
3.76
|
| Median List Price |
$219,900
|
$195,000
|
12.77
|
$180,000
|
$179,000
|
0.56
|
| Average Sale Price |
$200,026
|
$176,876
|
13.09
|
$177,299
|
$179,380
|
-1.16
|
| Median Sale Price |
$165,900
|
$163,000
|
1.78
|
$155,000
|
$150,000
|
3.33
|
| Average DOM |
150
|
110
|
36.36
|
123
|
131
|
-6.11
|
| Median DOM |
101
|
93
|
8.60
|
88
|
101
|
-12.87
|
