The 17959 zip code market looked healthy in this week's report, as the number of home sales climbed 100.0%, pushing the total to four homes sold over the last 30 days. 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 dropped to $27,500 over the latest reporting period for the 17959 zip code, down from $39,000. With only one month of inventory and rising sales, the 17959 zip code is a definite seller's market.
Comments:

Fewer sellers put their homes up for sale in the 17959 zip code 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. The median sales price of all transactions in the 17959 zip code did not budge this week, remaining at $39,000. Despite the flat sales, a relatively low two months of inventory remaining indicates that the 17959 zip code is a solid seller's market.
Comments:

17959 is a smaller-than-average zip code in Pennsylvania with a population of 1,976 residents. Also, it has a lower than average density with 98.1 people per square mile. With an ownership ratio of 64.4%, most people in the 17959 zip code are homeowners.
Comments:

Over the last 30 days, the 17959 zip code market had a decrease in home sales with two. Furthermore, the amount of pending transactions continued to decline, with a total of two contracts during the same period. The median sales price climbed to $39,000 over the latest reporting period for the 17959 zip code, up from $38,000. In spite of contracts trending lower, there are only two months of inventory available, which signals that the 17959 zip code is a still definite seller's market.
Comments:

The number of home sales in the 17959 zip code market climbed 200.0% to three homes over the last 30 days, above the 0.8 monthly average. 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 rose dramatically to $38,000, up from last week's $27,500. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that the 17959 zip code is a definite seller's market.
Comments:

The 17959 zip code market slowed with a 50.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (0.9) with one home sold. In comparison, the nearby 17901 zip code had 14 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 17959 zip code, and for this period the median sales price slid from $35,250 to $27,500. The 17959 zip code is a definite buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
Comments:

Over the past 30 days, there have been fewer price cuts in the 17959 zip code market, continuing a three-week declining trend to land at one. However, home sales remained flat with two over the same period. The median sales price in the 17959 zip code stayed flat at $35,250 while months of inventory was flat at four.
Comments:

The 17959 zip code market was active this week and remained above its average as sales climbed 100.0% to reach two homes sold over the last 30 days. Within the same time frame, the 17901 zip code had 15 sales, the most of all zip codes in the area. The median sales price dropped to $35,250, potentially helping to reduce the four months of inventory left to be sold.
Comments:

The 17959 zip code has a much younger population than other areas in Pennsylvania with a median age of 44 years. It is also much less affluent than average with a median income of $35,802 per household. The 17959 zip code market is primarily made up of condos and townhouses, which currently account for 29% of the homes for sale in the area.
Comments:

With a recent 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 17959 zip code 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 in the 17959 zip code stayed put this week at $43,000. With no movement in sales and the availability of seven months of inventory, the 17959 zip code is a definite buyer's market.
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