$619K  
The Cumberland market will be getting more competitive in the short term. Sales have fallen this week to 22 homes sold over the last 30 days, and there is also a new upward trend of new listings, with 50 going live in the same time frame. As new listings came into the market, the median sales price continued to climb, trending upwards for eight weeks to reach $63,001. Along with the slip in sales, the higher-than-normal inventory indicates that Cumberland is a strong buyer's market.
Comments:

$619K  
Over the last 30 days, the Cumberland market had a lift in home sales with 27. But as sales edged up, the number of pending transactions continued to decline, with a total of 24 contracts during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are falling in Cumberland, and this period the median price of all sales fell from $83,000 to $76,000. Cumberland is still a definite buyer's market, due to the availability of nine months of remaining inventory, even after the uptick in sales.
Comments:

$349K  
The Cumberland market was highly active in this week's report, as the number of home sales shot up 37.5%, pushing the total to 22 homes sold over the last 30 days. To put it in perspective, close-by La Vale registered eight homes sold in the same time frame, the most of all surrounding cities. The median sales price rose dramatically to $83,000 over the latest reporting period for Cumberland, up from $68,500. Cumberland is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 11 months of remaining inventory.
Comments:

$349K  
Home sales in the Cumberland market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 18.8% to 13 homes sold over the last 30 days. Within the same time frame, La Vale had six sales, the most of all cities in the area. Prices are rising in Cumberland, and the median sales price this period increased from $53,500 to $75,000. Cumberland is a strong buyer's market, thanks to a big 18 months of inventory to choose from and a pullback in sales.
Comments:

$429K  
The number of sellers who put their homes up for sale in the Cumberland market over the last 30 days remained flat this week at 30. Home sales also remained unchanged from the prior period and once again 14 homes were sold. The prices of sold homes went up with the median sales price setting a three-month high at $53,500. Cumberland is a definite buyer's market, due to a big 15 months of inventory left and aided by the flat sales.
Comments:

$259K  
The Cumberland remained below its 12-month average sales volume this week as sales fell 14.3% to hit 12 homes sold over the last 30 days. In comparison, nearby Cresaptown-Bel Air had six sales in the same time frame, the most of all neighboring cities. The median sales price rose to $44,250, up from last week's $43,250. Along with the slip in sales, a relatively high 18 months of inventory indicates that Cumberland is a solid buyer's market.
Comments:

$349K  
Cumberland is a city that is growing about even with others in Maryland at a 10-year growth rate of -5.2%. It also has a larger than average population of 20,859 people. Cumberland is made up of homes that are older than most with a median of 71 years. The top school in the city is Allegany High School.
Comments:

$349K  
The Cumberland market broke below its 12-month average sales volume this week as sales fell 12.5% to hit 14 homes sold over the last 30 days. Within the same time frame, Cresaptown-Bel Air had four sales, the most of all cities in the area. The median sales price remained unchanged over the latest reporting period for Cumberland, coming in at $43,250. Along with the slip in sales, a relatively high 15 months of inventory indicates that Cumberland is a definite buyer's market.
Comments:

$349K  
The Cumberland market got a boost this week as sales rose to 16 homes sold over the last 30 days to go with an established upward trend of contracts closing, now up to 26. Potential buyers should note that prices went up in Cumberland, with the median for this period rising from $38,000 to $43,250. Cumberland is a still strong buyer's market, in spite of the rising contracts numbers, due to the availability of 13 months of remaining inventory.
Comments:

$155K  
The Cumberland market saw sales remain at 11 homes sold over the last 30 days, with an identifiable upward trend of new listings, as 39 came into the market in the same time frame. The median sales price rose to $38,000, up from last week's $36,900. Along with flat sales, a relatively high 19 months of inventory indicates that Cumberland is a solid buyer's market.
Comments:
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