Typically, Shenandoah accounts for 2.5 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.
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Over the last 30 days, no deals were completed in the Shenandoah market. Shenandoah is used to having 2.6 sales per month.
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The Shenandoah market pulled back with a 50.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 2.6 monthly average with two homes sold. Meanwhile, close-by Frackville reported four homes sales, the highest number from all the surrounding cities. The median sales price in Shenandoah rose to $10,500 while months of inventory spiked to four.
Comments:

The Shenandoah market slowed with a 20.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (2.6) with four homes sold. In comparison, nearby Frackville had four sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $10,000, extending a four-week long spiral. With only two months of inventory to sell, Shenandoah is still a strong seller's market, even after taking into consideration the falling prices.
Comments:

The Shenandoah market might be cooling in the coming weeks. Sales stayed steady at five homes sold over the last 30 days, but there is a confirmed downward trend in the number of new listings, with three going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Pricing in Shenandoah remains consistent from last week to this week, with the median sales price at $10,000 again. Despite the flat sales, a relatively low two months of inventory remaining indicates that Shenandoah is a solid seller's market.
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Shenandoah is a larger than average city in Pennsylvania with 5,071 residents. Its population is also shrinking slower than others at a 10-year growth rate of -10.2%. The Shenandoah market is mostly made up of detached homes, currently accounting for 57% overall. Topping the list of best schools in the city is Shenandoah Valley Elementary School.
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Home sales rose to five homes sold over the last 30 days, providing good news to the Shenandoah market. That may continue, due to a six-week upward trend for contracts, with three in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price remained unchanged over the latest reporting period for Shenandoah, coming in at $10,000. The rising contracts and a low one month of inventory mean that Shenandoah is a definite seller's market.
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Sales in the Shenandoah market rose to three homes sold over the last 30 days, while the number of sellers reducing their list prices reached one, which continues a confirmed upward trend in price reductions. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price in Shenandoah stayed put this week at $10,000. With just two months of inventory available and sales going up, Shenandoah is a definite seller's market.
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Fewer sellers put their homes up for sale in the Shenandoah market over the last 30 days and the number of new listings tumbled this week to three. Home sales remained unchanged from the prior period and once again one home was sold. Potential buyers should note that prices are coming down in Shenandoah, and for this period the median sales price slid from $16,000 to $10,000. Shenandoah is a definite buyer's market, due to a big seven months of inventory left and aided by the flat sales.
Comments:

The Shenandoah market took a break this week as sales fell to one home sold over the last 30 days. However, the number of homes under contract shows a recent upward trend, and is now at three. The median sales price dropped dramatically to $16,000, down from last week's $46,500. Shenandoah is a strong buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
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