Magnolia Real Estate Market Continues Expansion in Price Cuts

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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Demographic facts for Magnolia:

  • This area has an affordability rating of 51. (Scale: 1 = Worst, 100 = Best)
  • This area usually gets 44.9 inches of rain each year. (U.S. average: 36.5)
  • The area's income per capita is $23,408.
  • The area's school rating is 59. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016


Ask a local expert about this area:
RE/MAX Hometown Realtors
10 reviews
Berkshire Hathaway
Snapped 1 home in this area

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