New Weakness in Price Cuts for Mid-City Real Estate Market

This week in the Mid-City market, sales rose to three homes sold over the last 30 days, even with a determined 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 dropped to $449,000, potentially helping to reduce the four months of inventory left to be sold.

Any of these new listings in Mid-City could be your dream home, so be sure to check them out:

$465K   $499K   $425K  

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

Demographic facts for Mid-City:

  • The population growth rating is 66. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $7.36/$1,000.
  • The area's commuter length breakdown is: <15 min (14.9%), 15-29 min (53.7%), 30-44 min (23.3%), 45-59 min (2.1%), >60 min (6.1%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Realty One Group
Snapped 1 home in this area
Grand Avenue Realty & Lending
Snapped 1 home in this area

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