Sales stayed firm at one home sold over the last 30 days in the Shenandoah market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to one for the same period. While the number of new listings were weakened, months of inventory hit eight, extending an upward trend to four weeks. Shenandoah is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

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 mostly consists of condos and townhouses, accounting for 44% of the current homes in the area. The top school in the city is Shenandoah Valley Elementary School.
Comments:

On top of a 50.0% reduction in sales numbers this week to land at one home sold over the last 30 days, the Shenandoah market still shows a persistent trend downward overall. Potential buyers should note that prices are coming down in Shenandoah, and for this period the median sales price slid from $7,500 to $7,000. A downturn in sales, coupled with the availability of nine months of inventory, prove that Shenandoah is a definite buyer's market.
Comments:

The Shenandoah market saw one home go under contract and failed to break out of a budding downward trend. Despite that, total home sales ticked up to two over the last 30 days. Potential buyers should take note that prices are coming down in Shenandoah, with the median sales price dropped to $7,500. Inventory is also shrinking, now down to four months worth still available.
Comments:

Over the last 30 days, a new downward trend of new sellers coming into the Shenandoah market continued, with one listing in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. The median sales price in Shenandoah stayed put this week at $8,000. Shenandoah is a solid buyer's market, thanks to a big 10 months of inventory to choose from and the flat sales.
Comments:

A three-week rough patch for the overall sales trend continues in the Shenandoah market, with number of sales staying even at one over the last 30 days. The median sales price in Shenandoah stayed put this week at $8,000. Shenandoah is a definite buyer's market with nine months of inventory to choose from, aided by the downturn in sales.
Comments:

The Shenandoah market saw one home go under contract and failed to break out of an emerging downward trend. Despite that, total home sales ticked up to one over the last 30 days. Shenandoah is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of 10 months of remaining inventory.
Comments:

Shenandoah is a small city in Pennsylvania, and is much less affluent than average with a median income of $23,599 per household. It's older than the rest of the state, with a median age of 41. Shenandoah has an home ownership ratio of 43.2% and a renting ratio of 27.9%. Topping the list of best schools in the city is Shenandoah Valley Elementary School.
Comments:

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.
Comments:

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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