Sellers in Orrstown weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Orrstown usually averages 0.3 sales per month.
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The Orrstown market was quiet this week as no sales were reported over the previous 30 days. Orrstown usually averages 0.3 sales per month.
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Orrstown is a small city in Pennsylvania with 262 residents. Its population is also growing faster than others at a 10-year growth rate of 13.7%. Orrstown is an area where most people own their homes, with an ownership ratio of 60.2%. Topping the list of best schools in the city is Lurgan Elementary School.
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No deals were completed in the Orrstown market over the last 30 days. Orrstown usually averages 0.3 sales per month.
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Sales stayed firm at one home sold over the last 30 days in the Orrstown market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to zero for the same period. As new listings trended lower, months of inventory unexpectedly still rose, trending upwards for four weeks to reach one. With inventory so low in Orrstown, it's still a solid seller's market, even after taking into consideration the decrease in sales.
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The number of sellers who put their homes up for sale in the Orrstown market over the last 30 days remained flat this week at zero. Home sales also remained unchanged from the prior period and once again one home was sold. The median sales price of all transactions in Orrstown did not budge this week, remaining at $50,000. Despite the flat sales, a relatively low one month of inventory remaining indicates that Orrstown is a solid seller's market.
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The Orrstown market extended a three-week hot streak this week, even as sales remained flat at one home sold over the last 30 days. While sales numbers rose, prices climbed as well. This week's reported median sales price of $50,000 continued a four-week upswing. In spite of flat sales, a low one month of inventory signals that Orrstown is a strong seller's market.
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The population of Orrstown is affluent compared to others in Pennsylvania with a median income of $54,349 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 107.2. With a median age of 39 years, homes in Orrstown tend to be relatively old. The best school in the city is Lurgan Elementary School.
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With an identifiable downward trend of new sellers listing homes, including zero over the last 30 days, and sales that rose to one in that same time frame, the Orrstown market will be getting less crowded. Along with the increase in sales, the fact that there is a lower-than-normal one month of inventory indicates that Orrstown is a definite seller's market.
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Sellers in Orrstown weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Orrstown usually averages 0.2 sales per month.
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