A three-week downward trend in sales was extended when the Pineland market saw three more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since July at three. In comparison, Cape Coral had 636 price reductions in the same time frame, the most of all nearby municipalities. The median sales price of all transactions in Pineland did not budge this week, remaining at $250,000. Despite the falling sales numbers, there are only three months of inventory remaining, indicating that Pineland is a still seller's market.
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