The Farmington market will be more intense, as not only have sales risen this week to five homes sold over the last 30 days, but there is a budding upward trend of new listings, with 12 going live in the same time frame. The median sales price climbed to $145,000 over the latest reporting period for Farmington, up from $136,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning Farmington is still a definite buyer's market.
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Over the last 30 days, the Farmington market was healthy with four homes sold, a 300.0% increase from last week's report. The median sales price jumped to $136,000 over the latest reporting period for Farmington, up from $100,000. Farmington is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
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