The number of price cuts in the Magnolia market climbed to 23 over the last 30 days, furthering an identifiable positive trend. Even with the drops in list prices, sales remained the same with four homes sold. While price reduction numbers rose, sale prices climbed as well. This week's reported median sales price of $148,500 continued a four-week upswing. Along with flat sales, a relatively high 10 months of inventory indicates that Magnolia is a strong buyer's market.
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