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:

Sales dropped in the New Philadelphia market to two homes sold over the last 30 days. It's also under a new downward trend in the number of contracts closing, with this week's number falling to one. Prices are rising in New Philadelphia, and the median sales price this period increased from $38,000 to $39,000. Despite the falling contracts numbers, there are only two months of inventory remaining, indicating that New Philadelphia is a still solid seller's market.
Comments:

The New Philadelphia market looked healthy this week and remained above its average as sales climbed 200.0% to reach three homes sold over the last 30 days. To put it in perspective, close-by Pottsville registered 10 homes sold in the same time frame, the most of all surrounding cities. Prices are rising in New Philadelphia, and the median sales price this period increased from $27,500 to $38,000. The rising sales and a low two months of inventory point to New Philadelphia being a solid seller's market.
Comments:

In this week's report, the number of homes sold in the New Philadelphia market fell 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 seven homes sales, the highest number from all the surrounding cities. The median sales price dropped to $27,500, down from last week's $35,250.
Comments:

New Philadelphia is a small city in Pennsylvania, and is much less affluent than average with a median income of $33,615 per household. It's much younger than the rest of the state, with a median age of 44. Keep in mind, most people in New Philadelphia own their homes, with a 58.7% ownership ratio.
Comments:

The number of homes coming into the New Philadelphia market jumped to two 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 remained unchanged over the latest reporting period for New Philadelphia, coming in at $35,250. With only two months of inventory to sell, New Philadelphia is a definite seller's market, in spite of the flat sales.
Comments:

The New Philadelphia market looked busy in this week's report, as the number of home sales climbed 100.0%, pushing the total to two homes sold over the last 30 days. In comparison, nearby Pottsville had 12 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $35,250, down from last week's $43,000. With only two months of inventory and rising sales, New Philadelphia is a strong seller's market.
Comments:

With an emerging upward trend of new sellers listing homes, including one over the last 30 days, and sales that remained the same at one in that same time frame, the New Philadelphia market will be steady. 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 remained unchanged over the latest reporting period for New Philadelphia, coming in at $43,000.
Comments:

The number of sellers who put their homes up for sale in the New Philadelphia market over the last 30 days remained flat this week at one. Home sales also remained unchanged from the prior period and once again one home was sold. Potential buyers should note that prices went up in New Philadelphia, with the median for this period rising from $15,000 to $43,000.
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