With a determined downward trend of new sellers listing homes, including zero over the last 30 days, and sales that remained flat at one in that same time frame, the New Philadelphia market will be slowing. As new listings trended lower, prices have also been falling. The median sales price dropped to $15,000, extending a four-week long spiral. In spite of the falling prices, a low three months of inventory signals that New Philadelphia is still a seller's market.
Comments:

New Philadelphia has a population that is much younger than most in Pennsylvania with a median age of 44 years. Also, it's much less affluent than average with a median income of $33,615 per household. It should be noted that at 58.7%, most people own their homes in New Philadelphia.
Comments:

Sales numbers in the New Philadelphia market remain the same with one home sold over the last 30 days and the market still shows a new trend downward overall. The median sales price dropped dramatically to $15,000 over the latest reporting period for New Philadelphia, down from $21,500. There are only three months of inventory available in New Philadelphia, so it's still seller's market, even with the shrinking sales numbers.
Comments:

Over the past 30 days, there have been fewer price cuts in the New Philadelphia market, continuing a three-week declining trend to land at one. However, home sales remained flat with one over the same period. Pricing in New Philadelphia remains consistent from last week to this week, with the median sales price at $21,500 again. Despite the flat sales, a relatively low three months of inventory remaining indicates that New Philadelphia is a seller's market.
Comments:

Sales stayed firm at one home sold over the last 30 days in the New Philadelphia market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to zero for the same period. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $21,500 this week.
Comments:

With one home sold in the New Philadelphia 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 zero new listings for buyers to choose from. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $21,500 this week.
Comments:

In this week's report, the number of homes sold in the New Philadelphia market dropped to one over the past 30 days, a decrease of 50.0% from last week's report, but still above the monthly average. Meanwhile, close-by Pottsville reported eight homes sales, the highest number from all the surrounding cities. The median sales price dropped dramatically to $21,500, potentially helping to offset the four months of inventory left to be sold.
Comments:

New Philadelphia is an average-sized city in Pennsylvania that has seen a 6.1% decrease in population over the last 10 years. It also has a total population of 1,085. With a median age of 80 years, homes in New Philadelphia tend to be older than most.
Comments:

The New Philadelphia market saw sales remain flat this week with two homes sold over the last 30 days and new listings also remain flat at zero. The median sales price of all transactions in New Philadelphia did not budge this week, remaining at $39,000. In spite of flat sales, a low two months of inventory signals that New Philadelphia is a solid seller's market.
Comments:

Fewer sellers put their homes up for sale in the New Philadelphia market over the last 30 days and the number of new listings tumbled this week to zero. Home sales remained unchanged from the prior period and once again two homes were sold. Pricing in New Philadelphia remains consistent from last week to this week, with the median sales price at $39,000 again. Despite the flat sales, a relatively low two months of inventory remaining indicates that New Philadelphia is a solid seller's market.
Comments:
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