Every quarter, Realtor.com names the top 10 “turnaround towns” where the real estate recovery is strongest. According to the site, the West has surpassed Florida in regional recovery.
The site also names a couple “Zoom Towns” where ”value markets that are moving up rapidly in the Turnaround Town index.” These cities have not cracked the Top 10, but are moving up the fastest.
Stockton — actually, the Stockton-Lodi metro area — is named as one of two Zoom Towns.
“Plagued by economic issues and more than its share of foreclosures, Stockton-Lodi today is a market on the rise,” the survey says. “In the past quarter, it has moved from #61 to #16 on the Realtor.com Turnaround Town list. Shrinking inventory (ranked #2 in the nation) and less time in inventory (#4 overall) are the keys to Stockton-Lodi’s amazing progress this quarter.”