A five-week downward trend in the number of homes sold was extended this week after the 97378 zip code market had five transactions over the last 30 days. With five price reductions, the lowest amount since July, the market may be looking for a price bottom. During the same time frame, 97128 had the most of any other neighboring zip codes with 43 price reductions. The median sales price of all transactions in the 97378 zip code did not budge this week, remaining at $127,500. The 97378 zip code is still a solid buyer's market, even after the decrease in price reductions, due to the large seven months of inventory left.
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