New Upward Trend in Price Cuts for Stony Point Real Estate Market

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:

$329K   $327K   $327K  

Get started right now by checking out Stony Point homes for sale or reviewing Stony Point real estate trends.

Demographic facts for Stony Point:

  • The median value of all homes is $598,487.
  • The area gets an average of 102 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 5.9%.
  • For every teacher there are 13.8 students in this area. (15.3 = national average)

Data reported through 10/12/2016

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