$619K  
The Cumberland market showed healthy signs in this week's report, as the number of home sales rose 20.0%, pushing the total to 18 homes sold over the last 30 days. At the same time, close-by La Vale reported 10 home sales, the highest number from all the surrounding cities. The median sales price climbed to $78,250, up from last week's $76,000. Cumberland is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 17 months of remaining inventory.
Comments:

$849K  
The Cumberland remained below its 12-month average sales volume this week as sales dropped 11.8% to hit 15 homes sold over the last 30 days. In comparison, nearby La Vale had nine sales in the same time frame, the most of all neighboring cities. Prices were able to find a top with the average selling price rising to $76,000, a three-month high. With decreasing sales and the availability of 21 months of inventory, Cumberland is a strong buyer's market.
Comments:

$349K  
In this week's report, the number of homes sold in the Cumberland market dropped to 17 over the past 30 days. It marked a decrease of 22.7% from last week's report and a fall below the monthly average. Within the same time frame, La Vale had 10 sales, the most of all cities in the area. Potential buyers should note that prices are coming down in Cumberland, and for this period the median sales price slid from $67,950 to $53,000. Cumberland is a definite buyer's market, thanks to a big 18 months of inventory to choose from and a pullback in sales.
Comments:

$619K  
With 22 homes sold in the Cumberland market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 47 new listings for buyers to choose from. The median sales price rose dramatically to $67,950 over the latest reporting period for Cumberland, up from $56,000. Cumberland is a solid buyer's market, due to a big 14 months of inventory left and aided by the flat sales.
Comments:

Cumberland has a population that is younger than most in Maryland with a median age of 41 years. Also, it's much less affluent than average with a median income of $32,649 per household. Cumberland is an area where 47.0% of the homes are owned, while 37.5% are rented. Heading the list of top schools in the city is Allegany High School.
Comments:

$619K  
While home sales in the Cumberland market have been above average, in this week's report they fell 8.3% to 22 homes sold over the last 30 days. Within the same time frame, La Vale had nine sales, the most of all cities in the area. The median sales price dropped to $56,000 over the latest reporting period for Cumberland, down from $58,500. Along with the slip in sales, a relatively high 14 months of inventory indicates that Cumberland is a definite buyer's market.
Comments:

$349K  
Over the last 30 days, the Cumberland market looked active with 22 homes sold, a 15.8% increase from last week's report. At the same time, close-by La Vale reported nine 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 $59,000 to $58,500. Cumberland is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 14 months of remaining inventory.
Comments:

$103K  
Over the last 30 days, 19 homes were sold in the Cumberland market, up 18.8%. However, the market is still in an identifiable downward trend overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. As sales trended lower, the median sales price went down as well, trending downwards for four weeks to $59,000. Cumberland is still a strong buyer's market, due to the availability of 16 months of remaining inventory, even after the uptick in sales.
Comments:

$349K  
Sales retained their current pace and came in at 15 homes sold in the Cumberland market over the last 30 days. However, a three-week upward trend for contracts was extended, with 26 pending transactions in the same time frame. The median sales price in Cumberland stayed put this week at $50,000. Along with flat sales, a relatively high 20 months of inventory indicates that Cumberland is a definite buyer's market.
Comments:

$103K  
Sales in the Cumberland market hit their lowest level since March. For the prior 30-day period, there were 13 homes sold, a drop of 7.1%. When comparing other close-by municipalities within the same period, the most came from La Vale with nine sales. Naturally, as sales hit a new low, the amount of available homes increased, reaching a volume of 22 months of inventory, its highest point since March. Cumberland is still a strong buyer's market, based on the large amount of inventory to choose from and the downturn in sales.
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