Waverly Real Estate Market Continues Downward Trend in Home Sales

Despite a 100.0% jump in sales numbers this week to reach two homes sold over the last 30 days, the Waverly market still shows a confirmed trend downward overall. The median sales price rose dramatically to $150,000, up from last week's $90,000. Despite the uptick in sales, there are still 14 months of inventory left to work through, meaning Waverly is still a strong buyer's market.

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Demographic facts for Waverly:

  • This area has a median house value of $101,800.
  • The area gets 97 rainy days a year. (U.S. average: 100)
  • The unemployment rate for this area is 8.9%.
  • The student-to-teacher ratio is 14.9:1. (15.3:1 = national average)

Data reported through 10/19/2016

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