This week in the Porter Heights market, sales dropped to two homes sold over the last 30 days, coinciding with a confirmed downward trend in price reductions, with three in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price rose to $147,500 over the latest reporting period for Porter Heights, up from $135,000. In spite of the decrease in sales, a low two months of inventory signals that Porter Heights is a definite seller's market.
You never know when the perfect home may come in the market so take a look at the new listings in Porter Heights: