The Cumby market extended a three-week hot streak this week, even as sales fell to one home sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Prices are rising in Cumby, and the median sales price this period increased from $45,950 to $69,900. Despite the slip in sales, a relatively low two months of inventory indicates that Cumby is a definite seller's market.
Comments:

The Cumby market showed healthy signs in this week's report, as the number of sales went up to one home sold over the last 30 days. Within the same time frame, Greenville had 17 sales, the most of all cities in the area. The rising sales and a low three months of inventory point to Cumby being a seller's market.
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Sellers in Cumby weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Cumby usually averages 0.5 sales per month.
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With a recent downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Cumby market remained the same with one 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. The median sales price remained unchanged over the latest reporting period for Cumby, coming in at $49,900. In spite of flat sales, a low two months of inventory signals that Cumby is a definite seller's market.
Comments:

Over the last 30 days, one home was sold in the Cumby market, holding even with last week's numbers. However, the market is still in an established downward trend overall. Pricing in Cumby remains consistent from last week to this week, with the median sales price at $49,900 again. With only three months of inventory to sell, Cumby is a still seller's market, even after taking into consideration the falling sales numbers.
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Cumby is a smaller-than-average city in Texas with 777 residents. Its population is also growing about even with others at a 10-year growth rate of 11.5%. The Cumby market is almost exclusively made up of detached homes, currently accounting for 100% overall. The best school in the city is Cumby High School.
Comments:

With one home sold in the Cumby market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from. Pricing in Cumby remains consistent from last week to this week, with the median sales price at $49,900 again. In spite of flat sales, a low three months of inventory signals that Cumby is a seller's market.
Comments:

The Cumby market looked solid in this week's report, as the number of sales went up to one home sold over the last 30 days. To put it in perspective, close-by Greenville registered 27 homes sold in the same time frame, the most of all surrounding cities. With just three months of inventory available and sales going up, Cumby is a seller's market.
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The Cumby market was quiet this week as no sales were reported over the previous 30 days. Cumby usually averages 0.5 sales per month.
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No deals were completed in the Cumby market over the last 30 days. Cumby usually averages 0.5 sales per month. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks.
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