$140K  
The Bakersfield market broke below its 12-month average sales volume this week as sales slid 15.4% to hit 11 homes sold over the last 30 days. In comparison, nearby Bear Valley Springs had two sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $219,000 over the latest reporting period for Bakersfield, down from $230,000. Bakersfield is a definite buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
Comments:

$449K  
The Bakersfield market is starting to get more expensive. While sales continued a five-week positive trend, bringing this week's numbers up to 12 homes sold over the last 30 days, price reductions are at the lowest they've been in three months, with 12 reported this week. In comparison, Rosedale had three price reductions in the same time frame, the most of all nearby cities. Furthermore, a three-week upward trend in new listings is expected to come to an end over the coming weeks. Prices are falling in Bakersfield, and this period the median price of all sales fell from $250,000 to $240,000.
Comments:

Bakersfield is the ninth-most populous city in California with 347,483 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 38.8%. The three zip codes with the largest populations are 93307, 93306, and 93309. 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:

$4.3M  
Fewer sellers put their homes up for sale in the Bakersfield market over the last 30 days and the number of new listings fell this week to 22. Home sales remained unchanged from the prior period and once again 12 homes were sold. Prices were able to climb as this week's reported median sales price of $247,250 continued a four-week upswing.
Comments:

$4.3M  
Over the last 30 days, the sale of 11 homes took place in the Bakersfield market. This shows a 38.9% reduction from the prior period but the area remains on an emerging upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. As sales trended higher, months of inventory continued to fall, trending downwards for four weeks to reach seven months. With decreasing sales and the availability of so much inventory, Bakersfield is a definite buyer's market.
Comments:

$395K  
Sales retained their current pace and came in at 16 homes sold in the Bakersfield market over the last 30 days. However, a three-week upward trend for contracts was extended, with 15 pending transactions in the same time frame. The median sales price dropped to $222,500 over the latest reporting period for Bakersfield, down from $237,950.
Comments:

$140K  
With 14 homes sold in the Bakersfield market over the last 30 days, we see no change from last week's numbers. However, 24 new listings came into the market. Potential buyers should note that prices went up in Bakersfield, with the median for this period rising from $230,425 to $252,750.
Comments:

$485K  
The Bakersfield market might be cooling in the coming weeks. Sales stayed steady at 14 homes sold over the last 30 days, but there is an emerging downward trend in the number of new listings, with 22 going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price climbed to $230,425, up from last week's $196,500.
Comments:

Bakersfield is a city in California. It's somewhat affluent and the cost of living is much less expensive compared to the rest of the state, with a median income of $50,337 per household and 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. The best schools in the city are Discovery Elementary School and Fruitvale Junior High School.
Comments:

$2.6M  
The number of sellers reducing prices in the Bakersfield market trended up to 19 over the last 30 days, extending a six-week streak. During the same period, 14 sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are rising in Bakersfield, and the median sales price this period increased from $167,500 to $196,500.
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