Yet again, no deals were completed in the Cisco market over the last 30 days. Cisco is used to having 3.0 sales per month.
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Typically, Cisco accounts for 3.0 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.
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Typically, Cisco accounts for 3.1 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks.
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The Cisco market continues a one-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
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With one home sold in the Cisco market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with three new listings for buyers to choose from. The median sales price in Cisco stayed put this week at $25,000. Cisco is a definite buyer's market, thanks to a big 36 months of inventory to choose from and the flat sales.
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Cisco is a larger than average city in Texas with 3,899 residents. Its population is growing slower than the rest of the state, at a 10-year growth rate of 0.1%. Detached homes account for 96% of the area's current housing market. Heading the list of top schools in the city is Cisco High School.
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Sales fell in the Cisco market to one home sold over the last 30 days. It's also under a recent downward trend in the number of contracts closing, with this week's number falling to one. The median sales price tumbled to $25,000, down from last week's $86,500. A downturn in contracts, coupled with the availability of 36 months of inventory, prove that Cisco is a definite buyer's market.
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$113K  
The Cisco market slowed with a 20.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (3.4) with four homes sold. Within the same time frame, Clyde had seven sales, the most of all cities in the area. Months of inventory continued a steady fall, trending downwards for four weeks to reach nine months. Cisco is a solid buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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$350K  
Over the last 30 days, the sale of five homes took place in the Cisco market and, even though it's the same amount as last week, the area continues an emerging upward trend. The median sales price dropped dramatically to $44,900 over the latest reporting period for Cisco, down from $125,000. Cisco is a strong buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
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$160K  
In this week's report, the number of homes sold in the Cisco market slid to five over the past 30 days, a decrease of 16.7% from last week's report, but still above the monthly average. Within the same time frame, Clyde had five sales, the most of all cities in the area. The median sales price rose dramatically to $125,000, up from last week's $98,000. With decreasing sales and the availability of seven months of inventory, Cisco is a definite buyer's market.
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