$249K  
Over the past 30 days, there have been fewer price cuts in the Farmington market, continuing a three-week declining trend to land at two. Home sales were also down to two 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. The median sales price rose to $254,950, up from last week's $240,000. Along with the slip in sales, a relatively high 18 months of inventory indicates that Farmington is a definite buyer's market.
Comments:

$425K  
Home sales in the Farmington market have steadily topped the monthly average for some time. However, this week the numbers came down by 25.0% to come in at three homes sold during the last 30 days. The median sales price rose dramatically to $240,000 over the latest reporting period for Farmington, up from $174,950. Farmington is a solid buyer's market, thanks to a big 11 months of inventory to choose from and a pullback in sales.
Comments:

$425K  
Over the last 30 days, a recent upward trend of new sellers coming into the Farmington market continued, with nine listings in this week's report. Meanwhile, sales remained flat, with four homes selling during the same period. Potential buyers should note that prices went up in Farmington, with the median for this period rising from $106,200 to $174,950.
Comments:

$159K  
Over the last 30 days, an emerging upward trend of new sellers coming into the Farmington market continued, with six listings in this week's report. Meanwhile, sales have risen as well, with three homes selling during the same period. The current new listings trend should be moving forward over the next few weeks, continuing to provide a rise in numbers. Prices are rising in Farmington, and the median sales price this period increased from $106,200 to $109,900. With only three months of inventory and rising sales, Farmington is a seller's market.
Comments:

$249K  
The number of homes coming into the Farmington market stayed firm with five listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price dropped dramatically to $106,200, down from last week's $268,750.
Comments:

$234K  
The number of sellers who put their homes up for sale in the Farmington market over the last 30 days remained flat this week at five. Home sales also remained unchanged from the prior period and once again two homes were sold. The median sales price in Farmington stayed flat at $268,750 while months of inventory was flat at four.
Comments:

$344K  
The Farmington market saw sales remain flat this week with two homes sold over the last 30 days, while new listings jumped to five. Months of inventory in Farmington shot up to four but prices came down, as the median sales price dropped to $268,750.
Comments:

$344K  
The Farmington market saw sales remain flat this week with two homes sold over the last 30 days, while new listings jumped to four. The median sales price has been increasing as it hit $382,450, extending a four-week long spike. With such low levels of inventory, Farmington is still a seller's market, in spite of the dip in sales.
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