The 17948 zip code market saw one home go under contract and failed to break out of an emerging downward trend. Along with that, total home sales fell to one over the last 30 days. The median sales price rose dramatically to $22,000, up from last week's $13,000. The 17948 zip code is a definite buyer's market, due to a downward trend in contracts numbers and 13 months of inventory remaining.
Comments:

Over the last 30 days, the 17948 zip code market showed healthy signs with two homes sold. It marks a 100.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. In comparison, the nearby 17901 zip code had 15 sales in the same time frame, the most of all neighboring zip codes. The median sales price of homes sold came in at $13,000, which extended a downward swing in price to four weeks.
Comments:

Home sales in the 17948 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 66.7% to one home sold over the last 30 days. On the other hand, the close-by 17901 zip code registered 13 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 17948 zip code, and this period the median price of all sales fell from $5,000 to $4,000. With decreasing sales and the availability of 13 months of inventory, the 17948 zip code is a solid buyer's market.
Comments:

The number of homes coming into the 17948 zip code market plummeted to zero listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. The median sales price in the 17948 zip code stayed put this week at $5,000.
Comments:

The 17948 zip code market looked healthy this week as sales rose 50.0% to hit three homes sold over the last 30 days. At the same time, the 17901 zip code reported 17 home sales, the highest number from all the surrounding zip codes. The median sales price dropped dramatically to $5,000, down from last week's $12,000.
Comments:

17948 is a zip code in Pennsylvania, and is much less affluent than average with a median income of $31,332 per household. It's older than the rest of the state, with a median age of 40. Keep in mind, most people in the 17948 zip code own their homes, with a 55.5% ownership ratio.
Comments:

Sales have dropped to two homes sold over the last 30 days in the 17948 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to four for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price rose to $12,000 over the latest reporting period for the 17948 zip code, up from $11,500. The 17948 zip code is a solid buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
Comments:

The number of home sales in the 17948 zip code market rose 50.0% to three homes over the last 30 days. To put it in perspective, the close-by 17901 zip code registered 14 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 17948 zip code, and this period the median price of all sales fell from $30,750 to $11,500.
Comments:

The 17948 zip code market is experiencing a prolonged pullback but sales stood their ground this week at two homes sold over the last 30 days. The median sales price remained unchanged over the latest reporting period for the 17948 zip code, coming in at $30,750. A downturn in sales, coupled with the availability of seven months of inventory, prove that the 17948 zip code is a strong buyer's market.
Comments:

Over the past 30 days, there have been fewer price cuts in the 17948 zip code market, continuing a three-week declining trend to land at three. However, home sales remained flat with two over the same period. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Pricing in the 17948 zip code remains consistent from last week to this week, with the median sales price at $30,750 again. The 17948 zip code is a definite buyer's market, due to a big seven months of inventory left and aided by the flat sales.
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