$489K  
This week in the Palermo market, sales rose to five homes sold over the last 30 days, which might be due in part to a confirmed upward trend in price reductions, with two being reported in the same time frame. The median sales price jumped to $245,000, up from last week's $196,450. With just three months of inventory available and sales going up, Palermo is a seller's market.
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$500K  
The Palermo market showed gains in this week's report, as the number of home sales rose 33.3%, pushing the total to four homes sold over the last 30 days. Within the same time frame, Oroville East had 12 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 rose to $196,450 this week.
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$119K  
A six-week rough patch for the overall sales trend continues in the Palermo market. On a positive note, the number of sales actually rose 50.0% over the last 30 days to three. The median sales price rose to $192,900, up from last week's $176,450.
Comments:

$119K  
The Palermo market will be getting more competitive in the short term. Sales have fallen this week to two homes sold over the last 30 days, and there is also an emerging upward trend of new listings, with four going live in the same time frame. Prices are rising in Palermo, and the median sales price this period increased from $160,000 to $176,450. Along with the slip in sales, a relatively high eight months of inventory indicates that Palermo is a definite buyer's market.
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$334K  
Palermo is younger than the rest of California, with a median age of 41. It's much less affluent than average as well, 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 Spring Valley Elementary School.
Comments:

$119K  
The Palermo market saw sales remain flat this week with two homes sold over the last 30 days and new listings also remain flat at four. Pricing in Palermo remains consistent from last week to this week, with the median sales price at $107,000 again. Palermo is a strong buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:

$119K  
A three-week rough patch for the overall sales trend continues in the Palermo market. On a positive note, the number of sales actually rose 100.0% over the last 30 days to hit two. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Potential buyers should note that prices went up in Palermo, with the median for this period rising from $54,000 to $107,000. Palermo is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
Comments:

$334K  
The Palermo market saw sales remain steady this week at one home sold over the last 30 days, while it undergoes a recent downward trend in price reductions, with zero in the same time frame. Pricing in Palermo remains consistent from last week to this week, with the median sales price at $54,000 again. With no movement in sales and the availability of 14 months of inventory, Palermo is a definite buyer's market.
Comments:

$334K  
The Palermo market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at two. Prices are falling in Palermo, and this period the median price of all sales fell from $195,800 to $54,000. Palermo is a definite buyer's market, due to a big 16 months of inventory left and aided by the flat sales.
Comments:

$489K  
Sales fell to one home sold in the Palermo market over the last 30 days. Furthermore, an established downturn in the number of pending transactions continued, with two completed in the same period. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $195,800 continued a four-week upswing. Even with prices on the rise, the downturn in contracts and the availability of 18 months of inventory prove that Palermo is still a strong buyer's market.
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