|Avg List Price||$392,060||$320,558|
|Avg SOLD Price||$321,418|
|Avg Seller Discount||-0.3%|
Neighborhood Report for Melwood
"Inventory" represents how many months it would take, given recent sales trends,
for all homes in the neighborhood to be sold. Generally, more than 6 months of inventory suggests a "buyer's market."
Over the past year, an average of 4.3 homes per month have sold in Melwood, and 11 homes are on the market now, so Melwood has 2.5 months of inventory.