The Elgin market slowed with a 20.0% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 10.3 monthly average with eight homes sold. Meanwhile, close-by Austin reported 860 homes sales, the highest number from all the surrounding cities. Prices are falling in Elgin, and this period the median price of all sales fell from $186,500 to $185,000. There are only two months of inventory available in Elgin, so it's a definite seller's market, even with the decrease in sales.
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