Central Real Estate Market Continues Downward Trend in Price Cuts

On top of a confirmed downward trend in sellers reducing price, including eight markdowns over the last 30 days, sales in the Central market fell to nine 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. Months of inventory in Central was flat at four but prices came down, as the median sales price dropped to $152,000.

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Data reported through 1/11/2017

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