New Weakness in Price Cuts for New Post Real Estate Market

Sales in the New Post market remained level with one home sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with one price reduction in the same time frame. As the lowering of listing prices trended lower, sale prices themselves have also been increasing. The median sales price hit $345,000, extending a four-week long spike. Despite the slip in sales from last week to this week, the low inventory indicates that New Post is still a seller's market.

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Demographic facts about New Post:

  • The area gets 32.4 inches of rain a year. (U.S. average: 36.5)
  • The average income per capita is $18,499.
  • The area's school rating is 50. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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