|# New||Price Drops||# U/C||# Sold||Median $ of Sold|
We had another strong week in the market. In addition to the consistent number of homes going under contract, what I notice most about the week just past is the high number of price reductions. Sellers who have not received any interest are actively pursuing buyers and the best way to do that is to reduce the price. The number of showings dropped off this week in our office. This may be a sign that the market is cooling down a bit.