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Redding Real Estate Update 5/17/2011

This Week’s Redding Real Estate Update:
Residential Market Statistics
Active Listings: 1,286 (from 1,265 last week, 1,236 two weeks ago, 1,262 three weeks ago, 1,257 four weeks ago)
Pending Listings: 557 (561 last week, 545 two weeks ago, 544 three and four weeks ago)
Closed so far in May: 81
Closed in April: 189
Closed in March: 194
Closed in February: 131
Closed in January: 140
Total Closed Escrows in 2011: 750
Total Closed Escrows in 2010: 2,088
Dec:181  Nov:155  Oct:179  Sept:187  Aug:162  July:168   Jun:201   May:182   Apr:173   Mar:187   Feb:125  Jan: 117
Total Closed Escrows in 2009: 2,065
Total Active Repo/REO’s: 205 (from 199 last week, 188 two weeks ago, 203 three weeks ago, 201 four weeks ago)
Total Pending Repo/REO’s: 207 (from 214 last week, 213 two weeks ago, 202 three weeks ago, 204 four weeks ago)
Total Active Short Sales: 254 (from 257 last week and 258 two weeks ago, 260 three weeks ago, 257 four weeks ago)
Total Pending Short Sales: 158 (from 162 last week, 161 two weeks ago, 172 three weeks ago, 173 four weeks ago)

Information provided by Next Generation Real Estate Services of Redding, California.  If you are thinking of buying or selling real estate in the Redding area (or anywhere in Shasta County) we’d love the opportunity to meet with you to discuss the current local market and help educate you on the process if needed!  Visit our website at or call us at 530.222.4227. DRE license # 01314114.