Price Cuts High in Pineland Real Estate Market

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.

If you have a tight budget for your next home, begin the search with these low-cost listings in Pineland:

$169K   $185K   $204K  

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

Demographic facts for Pineland:

  • The median value of all homes is $140,200.
  • Average number of rainy days is 112 per year. (U.S. average: 100)
  • The area's unemployment rate is 10.5%.
  • There are 17.6 students for every teacher. (15.3 = national average)

Data reported through 10/19/2016

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