Not only is inventory dropping (698 homes on the Shasta County MLS), homes are selling faster than they where a year ago. If you are considering selling this is a great time. If you are currently a home buyer you better act fast when you see a home you like. Here is a great info graphic from the California Association of Realtors.

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.

July’s average sales price for homes in Redding was $198,625. That number rose for the forth consecutive month to $199,166. With Shasta County housing inventory staying low we continue to see multiple offers on listings and offers over the asking price regularly.

From local appraiser Robert Sprenkel “The average sales price/SF continues to tick upwards in all age brackets. While most of the market is active with low inventory, the custom market appears to be soft. There are 43 active listings in Redding with an asking price of $550K+. There is only one pending sale in Redding with a list price over $550K.”