$424K  
The Palermo market stayed sluggish this week as sales fell 50.0% to land at one home sold over the last 30 days. Meanwhile, close-by Oroville reported 18 homes sales, the highest number from all the surrounding cities. The median sales price rose dramatically to $475,000, up from last week's $312,500. Palermo is a solid buyer's market, thanks to a big 15 months of inventory to choose from and a pullback in sales.
Comments:

$130K  
Fewer sellers put their homes up for sale in the Palermo market over the last 30 days and the number of new listings fell this week to three. Home sales remained unchanged from the prior period and once again two homes were sold. The median sales price in Palermo stayed put this week at $312,500. Along with flat sales, a relatively high eight months of inventory indicates that Palermo is a definite buyer's market.
Comments:

$424K  
More sellers put their homes up for sale in the Palermo market over the last 30 days and the number of new listings jumped this week to five. Home sales remained unchanged from the prior period and once again two homes were sold. Prices are rising in Palermo, and the median sales price this period increased from $237,500 to $312,500. Along with flat sales, a relatively high eight months of inventory indicates that Palermo is a strong buyer's market.
Comments:

Palermo is an average-sized city in California that has seen a 10.6% increase in population over the last 10 years. It also has a total population of 5,382. Homes in Palermo are relatively old with a median age of 34 years. Heading the list of top schools in the city is Spring Valley Elementary School.
Comments:

$279K  
The Palermo market pulled back with a 71.4% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 3.3 monthly average with two homes sold. In comparison, nearby Oroville had 16 sales in the same time frame, the most of all neighboring cities. The median sales price tumbled to $237,500 over the latest reporting period for Palermo, down from $315,000.
Comments:

$279K  
The Palermo market made strides in this week's report, as the number of home sales rose 16.7%, pushing the total to seven homes sold over the last 30 days. Within the same time frame, Oroville had 18 sales, the most of all cities in the area. The median sales price dropped to $315,000, down from last week's $320,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Palermo is a definite seller's market.
Comments:

$279K  
The Palermo market saw sales remain steady this week at six homes sold over the last 30 days, while it undergoes a confirmed downward trend in price reductions, with two in the same time frame. The median sales price of all transactions in Palermo did not budge this week, remaining at $320,000. In spite of flat sales, a low two months of inventory signals that Palermo is a definite seller's market.
Comments:

$1.2M  
The Palermo market saw sales remain flat this week with six homes sold over the last 30 days but new listings fell to five. Potential buyers should note that prices went up in Palermo, with the median for this period rising from $310,000 to $320,000. There are only two months of inventory available in Palermo, so it's a definite seller's market, even if sales are flat.
Comments:

$1.2M  
The number of home sales in the Palermo market spiked 200.0% to six homes over the last 30 days, exceeding the 3.1 monthly average for the last 12 months. At the same time, close-by Oroville East reported 17 home sales, the highest number from all the surrounding cities. The median sales price has been increasing as it hit $310,000, extending a four-week long spike. The rising prices, along with the fact that there are a lower-than-normal three months of inventory, drive home the fact that Palermo is a seller's market.
Comments:

Palermo has a younger population than other areas in California with a median age of 41 years. It is also much less affluent than average with a median income of $37,256 per household. Detached homes account for 100% of the area's current housing market. The top school in the city is Bangor Elementary School.
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