New Weakness in Price Cuts for Rivercrest Real Estate Market

Sales in the Rivercrest market remained level with one home sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with zero price reductions in the same time frame. The median sales price remained unchanged over the latest reporting period for Rivercrest, coming in at $1,129,000.

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Demographic facts about Rivercrest:

  • The median value of all homes is $852,000.
  • Average number of rainy days is 116 per year. (U.S. average: 100)
  • The area's unemployment rate is 3.3%.
  • The student-to-teacher ratio is 13.0:1. (15.3:1 = national average)

Data reported through 10/12/2016

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