$179K  
The Magnolia market is currently in the middle of an unwavering upward sales trend, even as sales fell to one home sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Prices are falling in Magnolia, and this period the median price of all sales fell from $294,950 to $240,000.
Comments:

$179K  
With two homes sold in the Magnolia market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from. The median sales price remained unchanged over the latest reporting period for Magnolia, coming in at $294,950. There are only two months of inventory available in Magnolia, so it's a definite seller's market, even if sales are flat.
Comments:

Magnolia is a small city in Delaware with 225 residents. Its population is growing slightly faster than the rest of the state, at a 10-year growth rate of 36.9%. The Magnolia market is almost exclusively made up of detached homes, currently accounting for 100% overall. Heading the list of top schools in the city is J. Ralph McIlvaine Early Childhood Center.
Comments:

$179K  
The Magnolia market saw zero homes go under contract, and failed to break out of an emerging downward trend. The market had total home sales of two over the last 30 days, maintaining last week's pace. The median sales price remained unchanged over the latest reporting period for Magnolia, coming in at $294,950. There are only two months of inventory available in Magnolia, so it's still strong seller's market, even with the shrinking contracts numbers.
Comments:

$179K  
Over the past 30 days, there have been fewer price cuts in the Magnolia market, continuing a three-week declining trend to land at one. 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. The median sales price stayed flat at $349,900, and there are a fairly average four months of inventory left to be sold.
Comments:

$179K  
The Magnolia market was active in this week's report, as the number of sales went up to one home sold over the last 30 days. In comparison, nearby Dover had 43 sales in the same time frame, the most of all neighboring cities.
Comments:

$179K  
No deals were completed in the Magnolia market over the last 30 days. Magnolia usually averages 0.3 sales per month.
Comments:

$179K  
The Magnolia market was quiet this week as no sales were reported over the previous 30 days. Magnolia usually averages 0.3 sales per month.
Comments:

Magnolia has a population that is much older than most in Delaware with a median age of 34 years. Also, it's affluent with a median income of $59,289 per household. With an ownership ratio of 61.5%, most people in Magnolia are homeowners. Heading the list of top schools in the city is J. Ralph McIlvaine Early Childhood Center.
Comments:

$179K  
No deals were completed in the Magnolia market over the last 30 days. Magnolia usually averages 0.3 sales per month. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks.
Comments:
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