On top of a solid downward trend in sellers reducing price, including 11 markdowns over the last 30 days, sales in the 22182 zip code market fell to 22 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. As the number of sellers reducing price trended lower, months of inventory still continued to fall, trending downwards for eight weeks to reach two months. In spite of the decrease in sales, the lack of inventory signals that the 22182 zip code is still a solid seller's market.
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