The number of sellers reducing prices in the Cherry Valley market trended up to three over the last 30 days, extending a three-week streak. During the same period, one sale was completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price in Cherry Valley stayed put this week at $149,000. Along with flat sales, a relatively high seven months of inventory indicates that Cherry Valley is a definite buyer's market.
With these listings in Cherry Valley recently dropping in price, this may be the last time to see them before they come off the market: