The Gibbstown market pulled back this week but was still better than normal as sales fell 20.0% to four homes sold over the last 30 days. Within the same time frame, Philadelphia had 1,196 sales, the most of all cities in the area. The median sales price dropped to $118,750 over the latest reporting period for Gibbstown, down from $135,000. Gibbstown is a strong buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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