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Chico Market Trends December 2013

By Jan Davis

Real Estate Agent BRE# 01136200

December 12, 2013 04:42 AM

Chico Market Trends December 2013

Real estate market data for Chico, CA provided by Jan Davis of Coldwell Banker Dufour Realty.

Chico Market Trends

We have seen a steady increase in listing price over this past year. If you are considering buying a home you can still find deals on a house in Chico but having a good real estate agent who understands the market is a must. Some properties are receiving offers right away while others sit on the market awhile its these properties that may be a great opportunity to negotiate on the price. Don’t wait on the sidelines for too long as mentioned earlier some properties see offers within the first week. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent do a thorough market analysis of the Chico home on which you plan to make an offer. That is right a market analysis is not just for sellers!

Chico Market Trends 95926,95973,95928,

If you are interested in Chico Market Trends click here for current inventory in Chico. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Chico, homes have a median time of 73 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Chico has multiple offers coming in on some properties. We wouldn't expect home prices to run up quite as fast as they did back in 2007; however, with the low inventory prices should continue to rise.

Chico Home Prices