Fountainhead-Orchard Hills Real Estate Market Sees Home Sales Decline

In this week's report, the number of homes sold in the Fountainhead-Orchard Hills market slid to six over the past 30 days, a decrease of 14.3% from last week's report. Meanwhile, close-by Hagerstown reported 55 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Fountainhead-Orchard Hills, and for this period the median sales price slid from $190,000 to $186,612. With decreasing sales and the availability of eight months of inventory, Fountainhead-Orchard Hills is a strong buyer's market.

Curious as to which homes have been getting the most attention in Fountainhead-Orchard Hills? These listings have stirred up interest and produced the most views:

$1.3M   $240K   $994K  

Demographic facts for Fountainhead-Orchard Hills:

  • 75.8% of the people in this area are homeowners.
  • For every teacher there are 15.6 students in this area. (15.3 = national average)

Data reported through 1/11/2017

Comments:

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Keller Williams Premier Realty
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Mackintosh , Inc.
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