$363K  
Cumberland is a city that is growing about even with others in Maryland at a 10-year growth rate of -5.2%. It also has a larger than average population of 20,859 people. 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:

$105K  
The Cumberland market may be experiencing a pronounced pullback as sales slumped again this week by 35.7% to nine homes sold over the last 30 days. The median sales price dropped to $62,900, down from last week's $63,950. Cumberland is a definite buyer's market with 22 months of inventory to choose from, aided by the downturn in sales.
Comments:

$424K  
Fewer sellers put their homes up for sale in the Cumberland market over the last 30 days and the number of new listings fell this week to 22. Home sales remained unchanged from the prior period and once again 13 homes were sold. The median sales price dropped to $65,000, down from last week's $76,650. Cumberland is a definite buyer's market, thanks to a big 15 months of inventory to choose from and the flat sales.
Comments:

$279K  
The number of homes coming into the Cumberland market fell to 24 listings over the last 30 days, while sales remained right where they were as once again 13 homes were sold over the same period. The median sales price dropped to $76,650 over the latest reporting period for Cumberland, down from $80,000. Cumberland is a strong buyer's market, due to a big 16 months of inventory left and aided by the flat sales.
Comments:

$279K  
Over the past 30 days, there have been fewer price cuts in the Cumberland market, continuing a three-week declining trend to land at 23. Home sales were also down to 13 over the same period. The median sales price in Cumberland stayed put this week at $80,000. With decreasing sales and the availability of 16 months of inventory, Cumberland is a strong buyer's market.
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 best school in the city is Allegany High School.
Comments:

$110K  
Over the last 30 days, the Cumberland market had a decrease in home sales with 17. Furthermore, the amount of pending transactions continued to decline, with a total of 13 contracts during the same period. The median sales price rose dramatically to $80,000, up from last week's $49,250. Cumberland is a solid buyer's market, due to a downward trend in contracts numbers and 12 months of inventory remaining.
Comments:

$105K  
The Cumberland market is heading toward a higher price point. Sales continued a four-week growth trend, bringing this week's numbers up to 21 homes sold over the last 30 days, and price reductions are now occurring at their lowest levels since March, with 20 reported this week. In comparison, La Vale led all other nearby municipalities with eight price reductions. As the number of sellers reducing prices hit a new low, the median sales price also dropped, falling to $49,500, a six-month low. Cumberland is still a definite buyer's market, even with the downturn in price reductions, due to the overall falling prices and a big 10 months of inventory remaining.
Comments:

$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:
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