The Dos Palos market broke below its 12-month average sales volume this week as sales slid 33.3% to hit two homes sold over the last 30 days. Within the same time frame, Merced had 67 sales, the most of all cities in the area. 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 $219,900 this week.
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With 4,950 residents, Dos Palos is an average-sized city in California. Also, with a 13.1% increase over the last 10 years, its population is growing faster than other parts of the state. The Dos Palos market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Leading the list of top schools in the city are Dos Palos Elementary School, Bryant Middle School, and Dos Palos High School.
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$179K  
Sales remained at one home sold over the last 30 days in the Dos Palos market. Sellers can expect more competition, due to a nine-week upward trend in homes coming into the market, now up to three for the same period. The median sales price remained unchanged over the latest reporting period for Dos Palos, coming in at $165,000. Dos Palos is a definite buyer's market, due to a big eight months of inventory left and aided by the flat sales.
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$179K  
Sales fell this week to one home sold in the Dos Palos market over the last 30 days. However, a three-week positive trend for contracts was extended, with three pending transactions in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are falling in Dos Palos, and this period the median price of all sales fell from $197,000 to $165,000. Along with the slip in sales, a relatively high 10 months of inventory indicates that Dos Palos is a solid buyer's market.
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The Dos Palos market will be heating up, as not only have sales risen this week to two homes sold over the last 30 days, but there is a budding upward trend of new listings, with one going live in the same time frame. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. Prices are falling in Dos Palos, and this period the median price of all sales fell from $229,000 to $197,000. With only two months of inventory and rising sales, Dos Palos is a definite seller's market.
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Dos Palos is a much less affluent than average city in California with a median income of $37,123 per household. The population is also considered much older than most with a median age of 31 years. Keep in mind, most people in Dos Palos own their homes, with a 54.6% ownership ratio. The best schools in the city are Dos Palos Elementary School, Bryant Middle School, and Dos Palos High School.
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$179K  
The Dos Palos market saw sales remain steady this week at one home sold over the last 30 days, while it undergoes an established downward trend in price reductions, with one in the same time frame. The median sales price remained unchanged over the latest reporting period for Dos Palos, coming in at $229,000.
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The Dos Palos market saw sales remain flat this week with one home sold over the last 30 days, while new listings rose to one. Prices are rising in Dos Palos, and the median sales price this period increased from $199,000 to $229,000. Dos Palos is a strong buyer's market, due to a big seven months of inventory left and aided by the flat sales.
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Over the last 30 days, a confirmed upward trend of new sellers coming into the Dos Palos market continued, with zero listings in this week's report. Meanwhile, sales have fallen, with one home selling during the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. Potential buyers should note that prices are coming down in Dos Palos, and for this period the median sales price slid from $239,775 to $199,000. Dos Palos is a strong buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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Sales remained steady from last week to this week, with four homes sold in the Dos Palos market over the last 30 days. However, a budding downturn in the number of pending transactions continued, with one completed in the same period. The median sales price of all transactions in Dos Palos did not budge this week, remaining at $239,775. There are only two months of inventory available in Dos Palos, so it's still definite seller's market, even with the shrinking contracts numbers.
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