Over the last 30 days, the sale of seven homes took place in the Bonanza market. This shows a 12.5% drop from the prior period but the area remains on a recent upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. While sales numbers were strong, the median sales price of those homes came in at $101,000, which extended a price upswing to four weeks. There are only three months of inventory available in Bonanza, so it's a seller's market, even with the decrease in sales.
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