Sales have risen to two homes sold over the last 30 days in the Cottonwood Shores market. But sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to one for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price jumped to $156,500 over the latest reporting period for Cottonwood Shores, up from $105,000. The rising sales and a low two months of inventory point to Cottonwood Shores being a definite seller's market.
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The number of sellers who put their homes up for sale in the Cottonwood Shores market over the last 30 days remained flat this week at one. Home sales also remained unchanged from the prior period and once again one home was sold. The median sales price in Cottonwood Shores stayed put this week at $105,000.
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$2M  
The Cottonwood Shores market saw sales remain flat this week with one home sold over the last 30 days, while new listings climbed to one. Pricing in Cottonwood Shores remains consistent from last week to this week, with the median sales price at $159,000 again. Cottonwood Shores is a definite buyer's market, due to a big seven months of inventory left and aided by the flat sales.
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Cottonwood Shores is a affluent city in Texas with a median income of $51,986 per household. The population is also considered older than most with a median age of 34 years. With an ownership ratio of 60.7%, most people in Cottonwood Shores are homeowners.
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$2M  
The number of homes coming into the Cottonwood Shores market shrank to zero listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price of homes sold came in at $159,000, which extended a price upswing to four weeks.
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$267K  
The Cottonwood Shores market might be cooling off in the coming weeks. Sales fell this week to one home sold over the last 30 days, and there is a determined downward trend in the number of new listings, with one going live in the same time frame. Potential buyers should note that prices are coming down in Cottonwood Shores, and for this period the median sales price slid from $210,897 to $159,000.
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$2M  
The Cottonwood Shores market will be less intense in the coming weeks. Sales rose this week to two homes sold over the last 30 days, and there is a determined downward trend in the number of new listings, with one going live in the same time frame. Prices are falling in Cottonwood Shores, and this period the median price of all sales fell from $262,795 to $210,897. With only three months of inventory and rising sales, Cottonwood Shores is a seller's market.
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$2M  
The number of homes coming into the Cottonwood Shores market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price remained unchanged over the latest reporting period for Cottonwood Shores, coming in at $262,795.
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$110K  
The number of homes coming into the Cottonwood Shores market climbed to one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price remained unchanged over the latest reporting period for Cottonwood Shores, coming in at $262,795. Along with flat sales, a relatively high seven months of inventory indicates that Cottonwood Shores is a definite buyer's market.
Comments:

$2M  
With 1,123 residents, Cottonwood Shores is an average-sized city in Texas. Also, with a 33.6% increase over the last 10 years, its population is growing faster than other parts of the state. The Cottonwood Shores market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area.
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