The Farmington market was quiet this week and reported zero home sales over the last 30 days. Farmington usually averages 0.2 sales per month.
Comments:

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 zero. Home sales also remained unchanged from the prior period and once again one home was sold. The median sales price remained unchanged over the latest reporting period for Farmington, coming in at $32,000. There is only one month of inventory available in Farmington, so it's a strong seller's market, even if sales are flat.
Comments:

The Farmington market might be slowing in the coming weeks. Sales dropped this week to one home sold over the last 30 days, and there is a budding downward trend in the number of new listings, with zero going live in the same time frame. Potential buyers should note that prices are coming down in Farmington, and for this period the median sales price slid from $118,500 to $32,000. There is only one month of inventory available in Farmington, so it's a definite seller's market, even with the decrease in sales.
Comments:

Farmington is a small city in Delaware with 110 residents. Its population is also growing slightly faster than others at a 10-year growth rate of 6.1%. The Farmington market is almost exclusively made up of detached homes, currently accounting for 100% overall.
Comments:

The Farmington market saw sales remain consistent with two homes sold over the last 30 days and is also under an identifiable downward trend in the number of contracts closing, with this week's number falling to zero. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $118,500 continued a four-week upswing.
Comments:
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