Local home sales median price graph for the decade

Home prices in shasta county californiaThis graph illustrates the trajectory of Shasta County’s median home prices for the last decade. I plotted the data from David Benda’s recent article in the Record Searchlight about the 15% increase in home sales we saw in 2011 in Shasta County. Although sales are up, inventory is down. You would think demand would drive prices up. I can’t predict just when, but it seems likely at some point the current price decline trend will reverse.

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