Over the past 30 days, there have been fewer price cuts in the Lakeview market, continuing a six-week declining trend to land at zero. However, home sales remained flat with one over the same period. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. As might be expected, as the number of sellers reducing price trended lower, months of inventory continued to rise, trending upwards for four weeks to reach six months.
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