Sales in the Stony Point market dropped to two homes sold over the last 30 days, while the number of sellers reducing their list prices reached four, which continues a new upward trend in price reductions. 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 dropped to $312,500, down from last week's $320,000. Along with the slip in sales, a relatively high eight months of inventory indicates that Stony Point is a definite buyer's market.
Looking for a amazing deal on your next home? Take a look at these listings that recently had their prices slashed: