Mantua Real Estate Market Hits Price Cuts High

A seven-week downturn in sales was extended when the Mantua market saw three more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since July at five. In comparison, Burke had 56 price reductions in the same time frame, the most of all nearby municipalities. While the number of sellers reducing prices were solid, months of inventory hit seven, extending an upward trend to eight weeks. The rise in price reductions coupled with the large amount of inventory tell us that Mantua is a definite buyer's market.

If you have been waiting for prices to drop, now is your chance to look at these listings in Mantua:

$699K   $929K   $649K  

Get started right now by checking out Mantua homes for sale or reviewing Mantua real estate trends.

Demographic facts for Mantua:

  • This area has 5.0% vacant homes.
  • Average number of sunny days is 199 per year. (U.S. average: 205)
  • The one-year job growth rate in this area is 2.09%.
  • The student-to-librarian ratio is 494:1. (803:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Fathom Realty
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Carrington Real Estate Services LLC
Snapped 2 homes in this area
Long & Foster Real Estate, Inc.
Snapped 3 homes in this area

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