Another way to slice up Chico Home sales statistics for the last 2 years is by Supply and Demand.
Clearly listing inventory (homes listed as available to purchase) dropped significantly in November, to the lowest level in 6 months. While seasonal factors (holidays, weather) may have contributed to the decrease in available listings, certainly the (mostly) steadily increased ‘under contract’s and ‘solds’ since February of 2009 has contributed to the depletion. June, July, September and October of this year saw especially energetic sales.
The longer view also suggests a warming trend for the real estate market. In November of 2007 there were 658 homes for sale in the Chico area with only 59 under contract. In the same month this year 67 homes were under contract while there were far fewer homes to choose from at 499.
Clearly listing inventory (homes listed as available to purchase) dropped significantly in November, to the lowest level in 6 months. While seasonal factors (holidays, weather) may have contributed to the decrease in available listings, certainly the (mostly) steadily increased ‘under contract’s and ‘solds’ since February of 2009 has contributed to the depletion. June, July, September and October of this year saw especially energetic sales.
The longer view also suggests a warming trend for the real estate market. In November of 2007 there were 658 homes for sale in the Chico area with only 59 under contract. In the same month this year 67 homes were under contract while there were far fewer homes to choose from at 499.
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