Downtown Real Estate Market Continues Downward Trend in Contracts

Sales fell to 12 homes sold in the Downtown market over the last 30 days. Furthermore, a new downturn in the number of pending transactions continued, with five completed in the same period. As contracts trended lower, the median sales price went down as well, trending downwards for four weeks to $798,500. In spite of contracts trending lower and falling prices, a low one month of inventory signals that Downtown is still a solid seller's market.

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$649K   $650K   $675K  

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Demographic facts about Downtown:

  • There are currently 4,380 households in the area.
  • The area's unemployment rate is 7.8%.
  • This area has an average school expenditure per student of $4,507. ($5,691 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Better Homes And Gardens Mason McDuffie
Snapped 8 homes in this area
Michael Callon
Snapped 1 home in this area
Urban Focus
Snapped 1 home in this area

Agents that specialize in this area
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