Sales remained steady from last week to this week, with two homes sold in the Delano market over the last 30 days. However, a confirmed downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price in Delano stayed put this week at $150,339.
Comments:

Despite an emerging downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Delano market rose to two over the same stretch of time. Potential buyers should note that prices are coming down in Delano, and for this period the median sales price slid from $150,779 to $150,339. Along with the increase in sales, the fact that there is a lower-than-normal one month of inventory indicates that Delano is a solid seller's market.
Comments:

Delano is a larger than average city in California with a population of 53,041 residents. Also, it has a higher than average density with 3,708.4 people per square mile. Keep in mind, most people in Delano own their homes, with a 53.8% ownership ratio. Topping the list of best schools in the city is Columbine Elementary School.
Comments:

The Delano market made gains this week and remained above its average as sales reached one home sold over the last 30 days. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Delano is a definite seller's market.
Comments:

No deals were completed in the Delano market over the last 30 days. Delano usually averages 0.4 sales per month.
Comments:

Over the last 30 days, a budding downward trend of new sellers coming into the Delano market continued, with zero listings in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. Pricing in Delano remains consistent from last week to this week, with the median sales price at $235,000 again. There is only one month of inventory available in Delano, so it's a definite seller's market, even if sales are flat.
Comments:

The Delano market was steady this week as sales remained at one home over the prior 30 days, but the area is experiencing an established upward trend of contracts closing, now up to four. The median sales price in Delano stayed put this week at $235,000. With only one month of inventory to sell, Delano is a strong seller's market, in spite of the flat sales.
Comments:

With one home sold in the Delano market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from. The median sales price in Delano stayed put this week at $235,000. In spite of flat sales, a low one month of inventory signals that Delano is a solid seller's market.
Comments:

Delano is much older than the rest of California, with a median age of 28. It's much less affluent than average as well, with a median income of $35,110 per household. The Delano market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Heading the list of top schools in the city is Columbine Elementary School.
Comments:

With an emerging downward trend of new sellers listing homes, including zero over the last 30 days, and sales that rose to one in that same time frame, the Delano market will be less selective. With only two months of inventory and rising sales, Delano is a solid seller's market.
Comments:
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