New Downward Trend in Price Cuts for Planada Real Estate Market

Over the past 30 days, there have been fewer price cuts in the Planada market, continuing a three-week declining trend to land at zero. However, home sales remained flat with one over the same period. A months of inventory number of three reported this week continued a four-week downward trend, to go along with the weak number of price reductions in the area. In spite of the decrease in sales, the lack of inventory signals that Planada is still a seller's market.

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$126K  

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Demographic facts for Planada:

  • The median house value here is $54,500.
  • This area usually gets 42 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 16.9%.
  • There are 18.8 students for every teacher. (15.3 = national average)

Data reported through 10/19/2016

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