In this week's report, the number of homes sold in the Red Oak market plummeted to 23 over the past 30 days, a decrease of 25.8% from last week's report, but still above the monthly average. On the other hand, close-by Dallas registered 936 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Red Oak, and this period the median price of all sales fell from $187,900 to $184,900. With only two months of inventory to sell, Red Oak is a solid seller's market, in spite of the dip in sales.
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