This week in the Chatham market, sales fell to 16 homes sold over the last 30 days, even as it endures an emerging upward trend in price reductions, with 46 reported in the same time frame. While the number of sellers reducing prices trended up, prices took a turn lower, with the median sales price falling to a three-month low at $79,300. Chatham is a definite buyer's market, due to falling prices and a large seven months of inventory left.
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