The Chase City market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at zero. The median sales price remained unchanged over the latest reporting period for Chase City, coming in at $14,500. There is only one month of inventory available in Chase City, so it's a definite seller's market, even if sales are flat.
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The Chase City market looked solid in this week's report, as the number of sales went up to one home sold over the last 30 days. The rising sales and a low one month of inventory point to Chase City being a solid seller's market.
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With 2,351 residents, Chase City is an average-sized city in Virginia. Also, with 1,075.1 people per square mile, it has a higher than average density in comparison to other parts of the state. It should be noted that 49.1% of the homes in Chase City are owned, while 36.0% are rentals. Topping the list of best schools in the city is Chase City Elementary School.
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The Chase City market was quiet this week as no sales were reported over the previous 30 days. Chase City usually averages 0.3 sales per month.
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The Chase City market was quiet this week and reported zero home sales over the last 30 days. Chase City usually averages 0.3 sales per month.
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The number of sellers who put their homes up for sale in the Chase City market over the last 30 days remained flat this week at zero. Home sales also remained unchanged from the prior period and once again one home was sold. The median sales price continued to rise, trending upwards for four weeks to reach $49,000. Despite the slip in sales from last week to this week, the low inventory indicates that Chase City is still a definite seller's market.
Comments:

The Chase City market is enjoying an extended upward trend, even as sales remained flat at one home over the last 30 days. The median sales price of all transactions in Chase City did not budge this week, remaining at $49,000. Despite the flat sales, a relatively low one month of inventory remaining indicates that Chase City is a solid seller's market.
Comments:

With one home sold in the Chase City 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. The median sales price in Chase City stayed put this week at $49,000. There is only one month of inventory available in Chase City, so it's a definite seller's market, even if sales are flat.
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Chase City is a city in Virginia. It's much less affluent than average and the cost of living is much less expensive compared to the rest of the state, with a median income of $30,852 per household and cost of living adjustment score of 86.9. Chase City is made up of homes that are considered older than most with a median of 52 years. Topping the list of best schools in the city is Chase City Elementary School.
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Over the last 30 days, the Chase City market made strides with one home sold. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Chase City is a strong seller's market.
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