The Table gives us a slightly different view of trends. One interesting observation is that while the median asking price (FOR SALE column) has only dropped $3,450 in eighteen months, the median price that homes actually sold for dropped by $33,500 during the same period. Another informational statistic is that while the median price that Chico area homes were listed for in September 2009 was $319,000, the median price for a home that SOLD was $254,000, a significant disparity between listing and selling prices.

More on recent Chico Real Estate Market Statistics in coming posts…