The Corsicana market has remained completely quiet for some time as, once more this week, no sales were reported over the previous 30 days. Corsicana usually averages 14.0 sales per month.
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The population of Corsicana is less affluent than average compared to others in Texas with a median income of $35,474 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 82.4. With a median age of 38 years, homes in Corsicana tend to be relatively old. The top school in the city is Bowie Elementary School.
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Yet again, no deals were completed in the Corsicana market over the last 30 days. Corsicana is used to having 14.4 sales per month.
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Typically, Corsicana accounts for 14.8 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.
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Over the last 30 days, no deals were completed in the Corsicana market. It further extends a two-weeks downward trend in sales.
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The Corsicana market remained cold this week as sales slid 62.5% to land at three homes sold over the last 30 days. Prices are rising in Corsicana, and the median sales price this period increased from $138,745 to $193,000. Along with the slip in sales, a relatively high 57 months of inventory indicates that Corsicana is a solid buyer's market.
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The Corsicana market saw two homes go under contract and failed to break out of a recent downward trend. Along with that, total home sales fell to eight over the last 30 days. Prices are rising in Corsicana, and the median sales price this period increased from $127,500 to $138,745. Corsicana is a strong buyer's market with 21 months of inventory to choose from, aided by the downturn in contracts.
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Corsicana is a larger than average city in Texas with a population of 23,770 residents. Also, it has a higher than average density with 1,048.3 people per square mile. With an ownership ratio of 52.1%, most people in Corsicana are homeowners. Heading the list of top schools in the city is Bowie Elementary School.
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Over the last 30 days, three homes went under contract in the Corsicana market, the lowest amount since January. As the market appears to be nearing a bottom, there were 13 homes sold over the same period. Prices are rising in Corsicana, and the median sales price this period increased from $121,450 to $127,500. A downturn in contracts, coupled with the availability of 13 months of inventory, prove that Corsicana is a strong buyer's market.
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$549K  
This week saw a record in sales growth for the Corsicana market. It resulted in 20 homes selling over 30 days, which is a 11.1% spike from last week's number and also the highest amount since March. In comparison, Rice led all other nearby municipalities with three sales. The median sales price climbed to $121,450, up from last week's $109,449. Corsicana is a still definite buyer's market, in spite of the rising sales numbers, due to the availability of eight months of remaining inventory.
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