The Allendale market broke below its 12-month average sales volume this week as sales slid 16.7% to hit five homes sold over the last 30 days. Within the same time frame, the Upper Laurel neighborhood had nine sales, the most of all neighborhoods in the area. Prices are falling in Allendale, and this period the median price of all sales fell from $469,000 to $450,000. There are only two months of inventory available in Allendale, so it's a definite seller's market, even with the decrease in sales.
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