Yet again, no deals were completed in the Hico market over the last 30 days. Hico is used to having 1.5 sales per month. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks.
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Hico is a small city in Texas, and is less affluent than average with a median income of $33,699 per household. It's younger than the rest of the state, with a median age of 40. It should be noted that at 54.1%, most people own their homes in Hico. Topping the list of best schools in the city is Hico Elementary School.
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Typically, Hico accounts for 1.6 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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The Hico market has remained completely quiet for some time as, once more this week, no sales were reported over the previous 30 days. Hico usually averages 1.7 sales per month.
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Typically, Hico accounts for 1.7 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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The Hico market seems to have gone completely and unexpectedly quiet as no sales were reported over the previous 30 days. Hico usually averages 1.7 sales per month.
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Hico is an average-sized city in Texas with 1,379 residents. Its population is also growing slower than others at a 10-year growth rate of -0.2%. The Hico market is almost exclusively made up of detached homes, currently accounting for 100% overall. Topping the list of best schools in the city is Hico Elementary School.
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The number of sellers who put their homes up for sale in the Hico market over the last 30 days remained flat this week at zero. Home sales also remained unchanged from the prior period and once again two homes were sold. The median sales price in Hico stayed put this week at $88,200. Along with flat sales, a relatively high 10 months of inventory indicates that Hico is a definite buyer's market.
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With two homes sold in the Hico 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 zero new listings for buyers to choose from. A months of inventory number of 10 reported this week continued a four-week downward trend. Hico is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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$223K  
In this week's report, the number of homes sold in the Hico market slid to two over the past 30 days, a decrease of 33.3% from last week's report, but still above the monthly average. In comparison, nearby Granbury had 39 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Hico, with the median for this period rising from $48,500 to $88,200. Hico is a strong buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
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