Sales in the North Lakeport market remained level with three homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with four price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. While the number of price reductions trended lower, months of inventory is on a four-week upswing, this week hitting eight months. With decreasing sales and the availability of so much inventory, North Lakeport is a strong buyer's market.
Want to look at a home before anybody else does? Be the first to see these new listings in North Lakeport: