ASKING PRICES SUFFER

Affiliated Appraisers’ latest housing report shows prices in Bakersfield continue to sag. The median price of homes sold in August was $220 thousand, down $10 thousand from July. The median list price was $250 thousand, meaning sellers were not getting close to asking price last month. Inventory was about even with previous months but pending sales were down by 10% July to August.

Sean Michael Lisle