$2.1M  
The Oceano market looked solid this week as sales climbed 14.3% to hit eight homes sold over the last 30 days. At the same time, close-by San Luis Obispo reported 42 home sales, the highest number from all the surrounding cities. The median sales price continued to rise, trending upwards for four weeks to reach $453,950. The rising prices, along with the fact that there are a lower-than-normal three months of inventory, drive home the fact that Oceano is a seller's market.
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Oceano is a small city in California with a median income of $46,962 per household. Besides being less affluent than average, its population is older than others with a median age of 35 years. The Oceano market primarily consists of detached houses, accounting for 77% of the current homes in the area. Heading the list of top schools in the city is Branch Elementary School.
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$2.1M  
The Oceano market is enjoying an established upward trend, even as sales fell 12.5% this week to seven homes over the last 30 days. The median sales price dropped to $442,900, potentially helping to offset the four months of inventory left to be sold.
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$1M  
The number of homes coming into the Oceano market fell to 12 listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. The median sales price of all transactions in Oceano did not budge this week, remaining at $386,000. Along with flat sales, a relatively high seven months of inventory indicates that Oceano is a definite buyer's market.
Comments:

$1.1M  
The Oceano market extended a three-week hot streak this week, even as sales fell to three homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price climbed to $386,000, up from last week's $324,500. With decreasing sales and the availability of nine months of inventory, Oceano is a definite buyer's market.
Comments:

$1.1M  
More sellers put their homes up for sale in the Oceano market over the last 30 days and the number of new listings shot up this week to nine. Home sales remained unchanged from the prior period and once again four homes were sold. The median sales price rose to $324,500, up from last week's $274,500.
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$1.1M  
With 7,286 residents, Oceano is a larger than average city in California. Also, with 4,756.8 people per square mile, it has a higher than average density in comparison to other parts of the state. It should be noted that 43.5% of the homes in Oceano are owned, while 40.0% are rentals. Heading the list of top schools in the city is Branch Elementary School.
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$649K  
The Oceano market broke below its 12-month average sales volume this week as sales slid 20.0% to hit four homes sold over the last 30 days. On the other hand, close-by San Luis Obispo registered 39 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $274,500, potentially helping to offset the four months of inventory left to be sold.
Comments:

$1.1M  
Sales in the Oceano market remained level with five homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with five price reductions in the same time frame. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $299,000 this week.
Comments:

$459K  
Home sales rose to four homes sold over the last 30 days, providing a lift to the Oceano market. That may continue, due to a three-week upward trend for contracts, with seven in the same time frame. The median sales price dropped to $290,000, potentially helping to reduce the four months of inventory left to be sold.
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