In this week's report, the number of homes sold in the New Richmond market dropped to 11 over the past 30 days. It marked a decrease of 15.4% from last week's report and another period below the monthly average. In comparison, nearby Hudson had 31 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in New Richmond, and for this period the median sales price slid from $154,400 to $147,600. With decreasing sales and the availability of nine months of inventory, New Richmond is a strong buyer's market.
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