New Growth Trend in Price Cuts for Somerset Real Estate Market

This week in the Somerset market, sales rose to two homes sold over the last 30 days, which might be due in part to a confirmed upward trend in price reductions, with two being reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are falling in Somerset, and this period the median price of all sales fell from $512,000 to $392,000. The rising sales and a low two months of inventory point to Somerset being a definite seller's market.

If you're trying to find a bargain, make sure you look into these homes in Somerset with recent price reductions:

$469K   $598K   $339K  

Get started right now by checking out Somerset homes for sale or reviewing Somerset real estate trends.

Demographic facts about Somerset:

  • The total number of vacant homes in the area is 3.2%.
  • Average number of sunny days is 205 per year. (U.S. average: 205)
  • The student-to-librarian ratio is 856:1. (803:1 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
Re/Max Preferred Professionals
Snapped 3 homes in this area
RE/MAX Preferred Professionals
Snapped 1 home in this area

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