There were 14 homes sold in the Cumberland market over the last 30 days, while four contracts were executed. This marks the lowest amount since July, and could be a sign that the market is softening. When comparing other close-by municipalities within the same period, the most came from Indianapolis with 882 contracts executed. The median sales price climbed to $221,000 over the latest reporting period for Cumberland, up from $218,000. With only three months of inventory to sell, Cumberland is a still seller's market, even after taking into consideration the falling contracts numbers.
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