$1.6M  
The Chico market pulled back this week but was still better than normal as sales slid 8.0% to 115 homes sold over the last 30 days. Meanwhile, close-by Paradise reported 50 homes sales, the highest number from all the surrounding cities. Prices are falling in Chico, and this period the median price of all sales fell from $335,000 to $320,000. There are only two months of inventory available in Chico, so it's a definite seller's market, even with the decrease in sales.
Comments:

Chico is a smallish city in California, and is less affluent than average with a median income of $41,886 per household. It's much older than the rest of the state, with a median age of 28. It should be noted that at 53.8%, most homes are being rented in Chico. Topping the list of best schools in the city is Shasta Elementary School.
Comments:

$1.6M  
Sales ticked up to 123 homes sold in the Chico market over the last 30 days. However, a recent downturn in the amount of pending transactions continued, with 102 completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price rose to $335,000 over the latest reporting period for Chico, up from $316,250. With only two months of inventory and rising sales, Chico is a strong seller's market.
Comments:

$1.6M  
The Chico market seems to be nearing a low, as the number of contracts executed fell to 91, the lowest levels since February. Meanwhile, sales came in at 115 homes sold over the last 30 days. During the same time frame, Paradise had the most of any other neighboring municipalities with 51 contracts executed. However, a three-week downward trend in new listings is expected to come to an end over the coming weeks. The median sales price dropped to $315,000, down from last week's $320,000. Despite the falling contracts numbers, there are only two months of inventory remaining, indicating that Chico is a still definite seller's market.
Comments:

$359K  
The Chico market showed positive signs this week as sales rose 3.6% to hit 114 homes sold over the last 30 days. Within the same time frame, Paradise had 51 sales, the most of all cities in the area. The median sales price climbed to $320,000, up from last week's $311,500. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Chico is a solid seller's market.
Comments:

$279K  
The number of home sales in the Chico market climbed 4.8% to 109 homes over the last 30 days. At the same time, close-by Paradise reported 52 home sales, the highest number from all the surrounding cities. The median sales price climbed to $312,000 over the latest reporting period for Chico, up from $307,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Chico is a solid seller's market.
Comments:

$1.6M  
The Chico market slowed this week but was still better than normal as sales fell 7.1% to 104 homes sold over the last 30 days. Meanwhile, close-by Paradise reported 52 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Chico, and for this period the median sales price slid from $311,500 to $307,000. In spite of the decrease in sales, a low two months of inventory signals that Chico is a definite seller's market.
Comments:

With 86,187 residents, Chico is a larger than average city in California. Also, with a 12.6% increase over the last 10 years, its population is growing faster than other parts of the state. Detached homes account for 88% of the area's current housing market. The top school in the city is Shasta Elementary School.
Comments:

$1.6M  
Over the last 30 days, the Chico market warmed up with 111 homes sold, a 7.8% increase from last week's report. To put it in perspective, close-by Paradise registered 50 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Chico, and this period the median price of all sales fell from $313,000 to $312,000. With only two months of inventory and rising sales, Chico is a solid seller's market.
Comments:

$405K  
The Chico market looked healthy in this week's report, as the number of sales went up to 103 homes sold over the last 30 days. At the same time, close-by Paradise reported 41 home sales, the highest number from all the surrounding cities. Months of inventory is on a four-week upswing, this week hitting two months. With such a small volume of inventory available and sales going up, Chico is a definite seller's market.
Comments:
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