Over the past 30 days, there have been fewer price cuts in the Kingsgate market, continuing a three-week declining trend to land at eight. However, home sales were up to 31 over the same period. As might be expected, as the number of sellers reducing price trended lower, the median sales price continued to rise, trending upwards for four weeks to reach $519,950. The rising prices, along with the fact that there is a lower-than-normal one month of inventory, drive home the fact that Kingsgate is a definite seller's market.
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