The number of sellers reducing prices in the West Englewood market trended up to 52 over the last 30 days, extending a nine-week streak. During the same period, 13 sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. As might be expected, as the number of sellers reducing price trended higher, the median sales price continued to fall, trending downwards for four weeks to reach $15,000. Even after the uptick in sales, an elevated 13 months of inventory tells us that West Englewood is still a strong buyer's market.
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