Over the last 30 days, the sale of 15 homes took place in the Cumberland market. This shows a 11.8% decline from the prior period but the area remains on an emerging upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price jumped to $89,000 over the latest reporting period for Cumberland, up from $70,000. Cumberland is a solid buyer's market, due to a big 14 months of inventory left and aided by the dip in sales.
If you are interested in an upscale house in Cumberland, make sure you see some of these great listings: