In this week's report, the number of homes sold in the College Area market fell to 16 over the past 30 days. It marked a decrease of 11.1% from last week's report and a fall below the monthly average. In comparison, the Lake Murray neighborhood had 27 sales in the same time frame, the most of all neighborhoods in the area. Potential buyers should note that prices went up in College Area, with the median for this period rising from $475,495 to $531,500. With only three months of inventory to sell, College Area is a seller's market, in spite of the dip in sales.
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