$539K  
The Bakersfield market pulled back with a 38.5% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 12.4 monthly average with eight homes sold. On the other hand, close-by Oildale registered three homes sold in the same time frame, the most of all surrounding cities. The median sales price climbed to $203,250 over the latest reporting period for Bakersfield, up from $202,000. Bakersfield is a definite buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
Comments:

$3M  
In this week's report, the number of homes sold in the Bakersfield market slid to 13 over the past 30 days, a decrease of 13.3% from last week's report, but still above the monthly average. Meanwhile, close-by Oildale reported four homes sales, the highest number from all the surrounding cities. Months of inventory continued a steady fall, trending downwards for eight weeks to reach six months.
Comments:

$4.3M  
Despite an 11.8% drop in sales over the last 30 days, the Bakersfield market extended a six-week hot streak with a total of 15 homes sold in that span. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price dropped to $173,000 over the latest reporting period for Bakersfield, down from $202,000.
Comments:

$235K  
There have been 15 homes sold in the Bakersfield market over the last 30 days, continuing a four-week upturn. During the same period, there were 31 new listings posted, the most since October. In comparison, Oildale had three new listings in the same time frame, the most of all nearby municipalities. The median sales price dropped to $169,000, down from last week's $214,950.
Comments:

The population of Bakersfield is somewhat affluent compared to others in California with a median income of $50,337 per household. It's also considered a much less expensive city in terms of affordability with a cost of living adjustment score of 97.3. 93307, 93306, and 93309 are its three most populated zip codes. Bakersfield is made up of homes that are considered relatively old with a median of 25 years. Leading the list of best schools in the city are Discovery Elementary School and Fruitvale Junior High School.
Comments:

$4.3M  
The Bakersfield market saw sales reduction 8.3% this week but it is currently in the midst of a recent upward sales trend, including 11 homes sold over the last 30 days. As sales trended higher, months of inventory continued to fall, trending downwards for four weeks to reach six months.
Comments:

$4.3M  
Despite a 16.7% drop in sales over the last 30 days, the Bakersfield market extended a three-week hot streak with a total of 10 homes sold in that span. While sales numbers rose, prices climbed as well. This week's reported median sales price of $207,475 continued a four-week upswing. With decreasing sales and the availability of seven months of inventory, Bakersfield is a definite buyer's market.
Comments:

$3M  
With 11 homes sold in the Bakersfield market over the last 30 days, we see no change from last week's numbers. However, 17 new listings came into the market. The median sales price of all transactions in Bakersfield did not budge this week, remaining at $200,000.
Comments:

$489K  
Sales in the Bakersfield market ticked up to 11 homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with seven price reductions in the same time frame. All indications show that the trend should continue, meaning less price reductions over the next few weeks. The median sales price remained unchanged over the latest reporting period for Bakersfield, coming in at $200,000.
Comments:

$489K  
With 347,483 residents, Bakersfield is the ninth-most populated city in California. Also, with a 38.8% increase over the last 10 years, its population is growing faster than other parts of the state. 93307, 93306, and 93309 are its three most populated zip codes. Keep in mind, most people in Bakersfield own their homes, with a 54.9% ownership ratio. Leading the list of best schools in the city are Discovery Elementary School and Fruitvale Junior High School.
Comments:
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