Sales Decline in Sterling Real Estate Market

Home sales in the Sterling market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 18.8% to 13 homes sold over the last 30 days. Meanwhile, close-by Dixon reported 16 homes sales, the highest number from all the surrounding cities. Prices are falling in Sterling, and this period the median price of all sales fell from $75,750 to $72,000. Sterling is a strong buyer's market, due to a big eight months of inventory left and aided by the dip in sales.

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Demographic facts for Sterling:

  • Over the past 10 years, the population has decreased 5.3%.
  • The safety rating in this area is 60. (Scale: 1 = Worst, 100 = Best)
  • People in this area have an average commute to work of 19 minutes.

Data reported through 10/12/2016

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