$105K  
Sales in the Cumberland market fell to 15 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 34, which continues an established upward trend in price reductions. As might be expected, as the number of sellers reducing price trended higher, the median sales price continued to fall, trending downwards for four weeks to reach $45,000. Cumberland is a definite buyer's market, due to falling prices and a large 13 months of inventory left.
Comments:

$155K  
The Cumberland market was active this week as sales jumped 70.0% to reach 17 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. At the same time, close-by La Vale reported five home sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Cumberland, and for this period the median sales price slid from $45,000 to $43,680. Even after the uptick in sales, an elevated 11 months of inventory tells us that Cumberland is still a definite buyer's market.
Comments:

$105K  
The Cumberland market is experiencing a determined pullback as sales slumped again this week by 16.7% to 10 homes sold over the last 30 days. Prices are rising in Cumberland, and the median sales price this period increased from $32,000 to $45,000. A downturn in sales, coupled with the availability of 19 months of inventory, prove that Cumberland is a solid buyer's market.
Comments:

$424K  
Sales in the Cumberland market rose to 12 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 34, which continues an identifiable upward trend in price reductions. The median sales price climbed to $32,000 over the latest reporting period for Cumberland, up from $30,000. Despite the uptick in sales, there are still 16 months of inventory left to work through, meaning Cumberland is still a solid buyer's market.
Comments:

$363K  
The Cumberland market showed healthy signs this week as sales climbed 22.2% to hit 11 homes sold over the last 30 days. At the same time, close-by La Vale reported eight home sales, the highest number from all the surrounding cities. A months of inventory number of 18 reported this week continued a four-week upward trend. Cumberland is still a definite buyer's market due to the availability of such a large amount of remaining inventory, even after the uptick in sales.
Comments:

$363K  
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. Heading the list of top schools in the city is Allegany High School.
Comments:

$105K  
The Cumberland market may be experiencing a pronounced pullback as sales slumped again this week by 35.7% to nine homes sold over the last 30 days. The median sales price dropped to $62,900, down from last week's $63,950. Cumberland is a definite buyer's market with 22 months of inventory to choose from, aided by the downturn in sales.
Comments:

$424K  
Fewer sellers put their homes up for sale in the Cumberland market over the last 30 days and the number of new listings fell this week to 22. Home sales remained unchanged from the prior period and once again 13 homes were sold. The median sales price dropped to $65,000, down from last week's $76,650. Cumberland is a definite buyer's market, thanks to a big 15 months of inventory to choose from and the flat sales.
Comments:

$279K  
The number of homes coming into the Cumberland market fell to 24 listings over the last 30 days, while sales remained right where they were as once again 13 homes were sold over the same period. The median sales price dropped to $76,650 over the latest reporting period for Cumberland, down from $80,000. Cumberland is a strong buyer's market, due to a big 16 months of inventory left and aided by the flat sales.
Comments:

$279K  
Over the past 30 days, there have been fewer price cuts in the Cumberland market, continuing a three-week declining trend to land at 23. Home sales were also down to 13 over the same period. The median sales price in Cumberland stayed put this week at $80,000. With decreasing sales and the availability of 16 months of inventory, Cumberland is a strong buyer's market.
Comments:
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