North State homes posting solid gains

Oct 6, 2015 8:44 PM by News Staff

Homes in Chico and Redding continue to gain value, according to new data released Tuesday by Corelogic.

The data shows home prices in Chico and Redding have risen by about 6 percent over the past 12 months.

The median price of a home in Chico now stands about $288,000, while in Redding the median price is now at $233,000.

Nationally, Corelogic says home prices have increased by about 7 percent over the same period.

As for the next 12 months, experts are predicting a slight slowdown in price pressure with home prices increasing about 4 percent on average.


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