Sales in the 17959 zip code market remained level with one home sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with zero price reductions in the same time frame. Pricing in the 17959 zip code remains consistent from last week to this week, with the median sales price at $15,000 again. With only three months of inventory to sell, the 17959 zip code is a seller's market, in spite of the flat sales.
Comments:

Over the last 30 days, an established downward trend of new sellers coming into the 17959 zip code market continued, with zero listings in this week's report. Meanwhile, sales fell, with one home selling during the same period. The median sales price tumbled to $15,000, down from last week's $29,750. There are only three months of inventory available in the 17959 zip code, so it's a seller's market, even with the decrease in sales.
Comments:

With two homes sold in the 17959 zip code 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. The median sales price dropped to $29,750 over the latest reporting period for the 17959 zip code, down from $33,000. With only two months of inventory to sell, the 17959 zip code is a strong seller's market, in spite of the flat sales.
Comments:

Sales dropped to two homes sold in the 17959 zip code market over the last 30 days. Furthermore, a confirmed downturn in the number of pending transactions continued, with one completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price jumped to $33,000 over the latest reporting period for the 17959 zip code, up from $19,250. 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 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 25% of the homes for sale in the area.
Comments:

Sales stayed firm at four homes sold over the last 30 days in the 17959 zip code 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. The median sales price remained unchanged over the latest reporting period for the 17959 zip code, coming in at $19,250. There is only one month of inventory available in the 17959 zip code, so it's a strong seller's market, even if sales are flat.
Comments:

The 17959 zip code market looked active this week and remained above its average as sales climbed 33.3% to reach four homes sold over the last 30 days. In comparison, the nearby 17901 zip code had 13 sales in the same time frame, the most of all neighboring zip codes. A months of inventory number of one reported this week continued a four-week downward trend. With such a small volume of inventory available and sales going up, the 17959 zip code is a definite seller's market.
Comments:

Home sales in the 17959 zip code market have steadily topped the monthly average for some time. However, this week the numbers came down by 25.0% to come in at three homes sold during the last 30 days. In comparison, the nearby 17901 zip code had 11 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 17959 zip code, and this period the median price of all sales fell from $27,500 to $17,000. With only one month of inventory to sell, the 17959 zip code is a solid seller's market, in spite of the dip in sales.
Comments:

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:
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