Redding Homes For Sale- Shasta MLS Market Summary November , 2011- Redding Anderson Cottonwood Homes For Sale
By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Shasta Market Summary Home Sales , November 2011, continue to trend up heading toward the end of year. Inventories are continuing their declines month over month and year over year. Current Shasta MLS raw data reports 1,021 homes listed for sale representing a 5.1 months supply. 2,199 homes have sold year-to-date, 2011, versus 1,889 homes sold for the same period last year. A 3 to 6 month supply of homes for sale is a sign of a healthy market for buyers and sellers. Real Estate Market forecasters are challenged as some watch the "shadows" while others report the bright spots nationwide. However, we do know Shasta County's declining inventory and increased home sales are keys in the supply and demand equation. Historically 3,176 homes sold YTD, at the peak of 2005. Unique Property Speci...
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