Price reductions have decreased in the Pacific market, reaching a low that hasn't been seen since July. With the market heading toward a higher price point, there were two homes sold over the last 30 days. During the same time frame, Dmv county had the most of any other close-by neighborhood with 12 price reductions. However, a three-week upward trend in new listings is expected to come to an end over the coming weeks. The median sales price rose to $208,250, up from last week's $189,000. Even after the uptick in sales, an elevated 20 months of inventory tells us that Pacific is still a definite buyer's market.
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