Over the last 30 days, sales in the Fayetteville market fell to one. However, the number of pending transactions continued to improve, reaching a total of four during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price tumbled to $23,000 over the latest reporting period for Fayetteville, down from $95,500. Fayetteville is a definite buyer's market, due to a big 17 months of inventory left and aided by the dip in sales.
For a potentially great deal, make sure you look at these listings that had large price cuts in Fayetteville: