In this week's report, the number of homes sold in the Hermiston market slid to 11 over the past 30 days, a decrease of 15.4% from last week's report. In comparison, nearby Pendleton had 13 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $135,000, down from last week's $163,500. There are only three months of inventory available in Hermiston, so it's a seller's market, even with the decrease in sales.
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