Northwest Real Estate Market Sees Home Sales Fall

Home sales in the Northwest market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 13.3% to 85 homes sold over the last 30 days. In comparison, the Northeast neighborhood had 99 sales in the same time frame, the most of all neighborhoods in the area. Potential buyers should note that prices went up in Northwest, with the median for this period rising from $216,500 to $220,000. Along with the slip in sales, a relatively high seven months of inventory indicates that Northwest is a solid buyer's market.

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Data reported through 10/13/2016

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