$249K  
The Cumberland market slowed with an 18.5% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (16.9) with 22 homes sold. Within the same time frame, La Vale had five sales, the most of all cities in the area. Potential buyers should note that prices are coming down in Cumberland, and for this period the median sales price slid from $62,900 to $54,550. Along with the slip in sales, a relatively high nine months of inventory indicates that Cumberland is a definite buyer's market.
Comments:

$104K  
The Cumberland market looked solid this week as sales climbed 18.2% to hit 26 homes sold over the last 30 days. Within the same time frame, Frostburg had six sales, the most of all cities in the area. Prices took a turn lower, with the median sales price falling to a three-month low at $63,950. Cumberland is still a solid buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
Comments:

$424K  
Over the last 30 days, the Cumberland market warmed up with 22 homes sold, a 22.2% increase from last week's report. In comparison, nearby Frostburg had eight sales in the same time frame, the most of all neighboring cities. Prices are falling in Cumberland, and this period the median price of all sales fell from $72,637 to $65,000. Even after the uptick in sales, an elevated nine months of inventory tells us that Cumberland is still a definite buyer's market.
Comments:

$119K  
The Cumberland market got positive news in this week's report, as the number of home sales climbed 6.2%, pushing the total to 17 homes sold over the last 30 days. At the same time, close-by Frostburg reported nine home sales, the highest number from all the surrounding cities. The median sales price dropped to $72,500, down from last week's $74,750. Despite the uptick in sales, there are still 12 months of inventory left to work through, meaning Cumberland is still a solid buyer's market.
Comments:

$424K  
With 20,859 residents, Cumberland is a larger than average city in Maryland. Also, with a 5.2% decrease over the last 10 years, its population is growing about even with other parts of the state. Cumberland is made up of homes that are older than most with a median of 71 years. Heading the list of top schools in the city is Allegany High School.
Comments:

$450K  
The number of home sales in the Cumberland market rose 45.5% to 16 homes over the last 30 days, coming close to the 16.2 monthly average for the last 12 months. To put it in perspective, close-by Frostburg registered 10 homes sold in the same time frame, the most of all surrounding cities. Prices are rising in Cumberland, and the median sales price this period increased from $70,000 to $74,750. Cumberland is still a definite buyer's market, due to the availability of 13 months of remaining inventory, even after the uptick in sales.
Comments:

$114K  
Over the last 30 days, a solid downward trend of new sellers coming into the Cumberland market continued, with 29 listings in this week's report. Meanwhile, sales fell, with 11 homes selling during the same period. All indications show that the trend should continue, meaning less new listings over the next few weeks. Pricing in Cumberland remains consistent from last week to this week, with the median sales price at $70,000 again. With decreasing sales and the availability of 19 months of inventory, Cumberland is a strong buyer's market.
Comments:

$299K  
The Cumberland market saw sales remain flat this week with 15 homes sold over the last 30 days but new listings fell to 36. Potential buyers should note that prices are coming down in Cumberland, and for this period the median sales price slid from $89,000 to $70,000. Along with flat sales, a relatively high 15 months of inventory indicates that Cumberland is a definite buyer's market.
Comments:

$649K  
Over the last 30 days, the sale of 15 homes took place in the Cumberland market. This shows a 11.8% decline from the prior period but the area remains on an emerging upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price jumped to $89,000 over the latest reporting period for Cumberland, up from $70,000. Cumberland is a solid buyer's market, due to a big 14 months of inventory left and aided by the dip in sales.
Comments:

$424K  
Cumberland is a much less affluent than average city in Maryland with a median income of $32,649 per household. The population is also considered younger than most with a median age of 41 years. It should be noted that 47.0% of the homes in Cumberland are owned, while 37.5% are rentals. The top school in the city is Allegany High School.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
Perry Wellington Realty, LLC
Snapped 2 homes in this area
United Country-White Home Team LLC
Snapped 1 home in this area

©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.