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:

The Palo Alto market was quiet this week and reported zero home sales over the last 30 days. Palo Alto usually averages 1.0 sale per month.
Comments:

The Palo Alto market is currently in the middle of an unwavering upward sales trend, even as sales remained flat at one home sold over the last 30 days. The median sales price remained unchanged over the latest reporting period for Palo Alto, coming in at $18,000. With no movement in sales and the availability of eight months of inventory, Palo Alto is a solid buyer's market.
Comments:

The Palo Alto market broke below its 12-month average sales volume this week as sales fell 50.0% to hit one home sold over the last 30 days. In comparison, nearby Pottsville had 10 sales in the same time frame, the most of all neighboring cities. Months of inventory hit eight this period, extending an upward trend to four weeks. Along with the slip in sales, the higher-than-normal inventory indicates that Palo Alto is a definite buyer's market.
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. Topping the list of best schools in the city is Minersville Area Jshs.
Comments:

The number of homes coming into the Palo Alto market jumped to four listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price of homes sold came in at $23,000, which extended a price upswing to four weeks.
Comments:

The Palo Alto market is currently in the middle of an extended upward sales trend, extended as sales rose to two homes sold over the last 30 days. There are four months of inventory remaining in Palo Alto, and the market is swinging toward the seller, but that may be offset as the median sales price dropped to $23,000 this week.
Comments:

The number of homes coming into the Palo Alto market climbed to two listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. Pricing in Palo Alto remains consistent from last week to this week, with the median sales price at $28,000 again. Palo Alto is a definite buyer's market, thanks to a big eight months of inventory to choose from and the flat sales.
Comments:

Home sales rose to one home sold over the last 30 days, providing a lift to the Palo Alto market. That may continue, due to a six-week upward trend for contracts, with three in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Even with the rising contracts, with eight months of inventory available, Palo Alto is a still definite buyer's market.
Comments:
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