Sales have dropped to three homes sold over the last 30 days in the Echo Lake market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to four for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price dropped to $530,000 over the latest reporting period for Echo Lake, down from $537,475. Despite the slip in sales, a relatively low three months of inventory indicates that Echo Lake is a seller's market.
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