The Lake City market took a break this week as sales dropped to five homes sold over the last 30 days. However, the number of homes under contract shows a recent upward trend, and is now at 14. Prices are falling in Lake City, and this period the median price of all sales fell from $77,000 to $65,000. In spite of the decrease in sales, a low two months of inventory signals that Lake City is a strong seller's market.
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