Crestwood Real Estate Market Extends Downward Trend in Price Cuts

On top of a new downward trend in sellers reducing price, including 14 markdowns over the last 30 days, sales in the Crestwood market fell to 19 over the same stretch of time. The median sales price of all transactions in Crestwood did not budge this week, remaining at $90,000. With only three months of inventory to sell, Crestwood is a seller's market, in spite of the dip in sales.

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Demographic facts about Crestwood:

  • The median value of all homes is $99,200.
  • The area gets an average of 121 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 10.3%.
  • The student-to-teacher ratio is 16.4:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Wilk Real Estate
4 reviews
Keller Williams Realty
3 reviews
Classic Realty Group, Inc.
Snapped 12 homes in this area

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