With an established downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Palo Alto market remained the same with one over the same stretch of time. Pricing in Palo Alto remains consistent from last week to this week, with the median sales price at $37,500 again.
Comments:

The population of Palo Alto is shrinking slower than the rest of Pennsylvania, at a 10-year growth rate of -8.7%. It's an average-sized city compared to the rest of the state, with 1,032 residents. With a median age of 74 years, homes in Palo Alto tend to be older than most. The best school in the city is Minersville Area Jshs.
Comments:

With a solid downward trend of new sellers listing homes, including one over the last 30 days, and sales that remained flat at one in that same time frame, the Palo Alto market will be slowing. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price in Palo Alto stayed put this week at $37,500. Along with flat sales, a relatively high eight months of inventory indicates that Palo Alto is a definite buyer's market.
Comments:

The Palo Alto market got a lift this week as sales inched up to one home sold over the last 30 days to go with a recent upward trend of contracts closing, now up to two. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Despite the rising contracts trend, with seven months of inventory to work through, Palo Alto is a still solid buyer's market.
Comments:

The Palo Alto market was quiet this week as no sales were reported over the previous 30 days. Palo Alto usually averages 1.0 sale per month. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks.
Comments:

Over the last 30 days, a recent downward trend of new sellers coming into the Palo Alto market continued, with one listing in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. The median sales price remained unchanged over the latest reporting period for Palo Alto, coming in at $9,000. Along with flat sales, a relatively high eight months of inventory indicates that Palo Alto is a definite buyer's market.
Comments:

Palo Alto has a population that is younger than most in Pennsylvania with a median age of 42 years. Also, it's somewhat affluent with a median income of $42,930 per household. Palo Alto is an area where most people own their homes, with an ownership ratio of 74.1%. The best school in the city is Minersville Area Jshs.
Comments:

The number of homes coming into the Palo Alto 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 in Palo Alto stayed put this week at $9,000. Palo Alto is a strong buyer's market, thanks to a big eight months of inventory to choose from and the flat sales.
Comments:

With one home sold in the Palo Alto market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with one new listing for buyers to choose from. The median sales price in Palo Alto stayed put this week at $9,000. With no movement in sales and the availability of eight months of inventory, Palo Alto is a solid buyer's market.
Comments:

There was one home sale in the Palo Alto market over the last 30 days, while coming close to the 1.0 monthly average for the last 12 months. To put it in perspective, close-by Pottsville registered nine homes sold in the same time frame, the most of all surrounding cities. Palo Alto is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:
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