Roxana Real Estate Market Continues Downward Trend in Price Cuts

Despite a recent downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Roxana market rose to three over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. As the lowering of listing prices trended lower, sale prices themselves have also been increasing. The median sales price hit $65,000, extending a four-week long spike. With only two months of inventory and rising sales prices, Roxana is a definite seller's market.

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Demographic facts about Roxana:

  • The population growth rating is 50. (Scale: 1 = Worst, 100 = Best)
  • This area has 118.5 physicians per 100,000 people.
  • The health cost index score in this area is 99.2. (100 = national average)
  • The breakdown of residents commuting to work is 85.5% by car, 8.9% by carpool, and 1.7% by public transit.

Data reported through 10/12/2016

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