Sales in the 94611 zip code market fell to 32 homes sold over the past 30 days. In addition, 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. The median sales price dropped to $1,092,500, down from last week's $1,332,500. There is only one month of inventory available in the 94611 zip code, so it's a definite seller's market, even with the decrease in sales.
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