We analyze several housing market indicators in order to present an in-depth breakdown of Stockton Ca Homes for Sale Market comparing December 2008 to December 2009.

Summary of Key Points

Stockton Ca Homes for Sale market has taken a hit from last year showing a major drop in units sold

Median Sales Price (-3.83%), Median Days on Market (-21.00%), and Number of Units Sold (-36.74%)

Big Picture: Out of the 4 cities analyzed in Stockton county, none of them featured an increase in units sold, in fact all saw double digit decreases

Stockton Ca Homes for Sale

The city of Stockton experienced a 3.83% decrease in median sales price from last year going down from $142,557 (Dec. 08) to $137,096 (Dec. 09). Following the trend in Northern California, Stockton saw a decrease in median days on market. The median days a house spent on the market went down 21% from 48 days in Dec 08 to 38 days in Dec 09. We cannot make a focused claim based solely on the drop in median days on market since this was a phenomenon experienced by all the cities we examined in Northern Ca except Sacramento. However, since majority of Northern Ca also saw a drop in median sales price, we can generalize that, lower median sales prices are probably a big reason for the drop in median days on market. As far as total number of units sold, Stockton experienced a 36.74% decline. That is actually a significant drop since about 250 less units were sold in Dec 09; there is not much we can say here except, the decline is probably due to the ailing California economy.

Neighbors Tracy and Manteca, unlike Stockton, experienced a rise in median sales price though very minimal for the former. Manteca Ca homes for sale saw an 8.66% rise in median sales prices ($181,039 Dec 08 to $196,724 Dec 09) and Tracy Ca homes for sale saw a 0.39% increase ($240,174 in Dec 08 to $241,119 in Dec 09). Both cities saw a decline in median days on market and also experienced a decline in total number of units sold, 24.19% for Manteca and 11.89% for Tracy.