$374K  
The Pennsville market is tightening.While sales came in at 10 homes sold over the last 30 days, price reductions are at their lowest number since March, with 32 reported this week. In comparison, Wilmington led all other nearby municipalities with 138 price reductions. As contracts found a new bottom, the median sales price went in the opposite direction, trending up for four weeks to $110,500. Pennsville is still a solid buyer's market, even with the rising prices, due to the downward trend in contracts numbers and a large 14 months of inventory available.
Comments:

$145K  
Over the last 30 days, five homes went under contract in the Pennsville market, the lowest amount since last November. As the market appears to be approaching a bottom, there were 15 homes sold over the same period. When comparing other close-by municipalities within the same period, the most came from Wilmington with 75 contracts executed. However, a six-week downward trend in price reductions is expected to come to an end over the coming weeks. The median sales price dropped to $126,151, down from last week's $132,575. A downturn in contracts, coupled with the availability of 10 months of inventory, prove that Pennsville is a definite buyer's market.
Comments:

$139K  
Pennsville has a younger population than other areas in New Jersey with a median age of 41 years. It is also less affluent than average with a median income of $59,700 per household. The Pennsville market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Heading the list of top schools in the city is Kisthardt.
Comments:

$165K  
While home sales in the Pennsville market have been above average, in this week's report they dropped 15.8% to 16 homes sold over the last 30 days. On the other hand, close-by Wilmington registered 59 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $132,575, down from last week's $139,000. Along with the slip in sales, a relatively high nine months of inventory indicates that Pennsville is a strong buyer's market.
Comments:

$247K  
Sales rose in the Pennsville market to 19 homes sold over the last 30 days. But the market is also under a solid downward trend in the number of contracts closing, with this week's number falling to 11. The median sales price of all transactions in Pennsville did not budge this week, remaining at $139,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning Pennsville is still a strong buyer's market.
Comments:

$247K  
On top of an identifiable downward trend in sellers reducing price, including 35 markdowns over the last 30 days, sales in the Pennsville market fell to 14 over the same stretch of time. The median sales price climbed to $147,000 over the latest reporting period for Pennsville, up from $132,000. Pennsville is a definite buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
Comments:

$237K  
The number of home sales in the Pennsville market rose 7.1% to 15 homes over the last 30 days. At the same time, close-by Wilmington reported 63 home sales, the highest number from all the surrounding cities. The median sales price rose dramatically to $125,000, up from last week's $96,000. Pennsville is still a definite buyer's market, due to the availability of 10 months of remaining inventory, even after the uptick in sales.
Comments:

$165K  
Sales rose to 13 homes sold in the Pennsville market over the last 30 days. However, a confirmed downturn in the amount of pending transactions continued, with 16 completed in the same period. Potential buyers should note that prices went up in Pennsville, with the median for this period rising from $55,000 to $93,000. Even after the uptick in sales, an elevated 11 months of inventory tells us that Pennsville is still a solid buyer's market.
Comments:

$139K  
With 11,888 residents, Pennsville is a larger than average city in New Jersey. Also, with a 2.5% increase over the last 10 years, its population is growing faster than other parts of the state. Pennsville is made up of homes that are older than most with a median of 48 years. Topping the list of best schools in the city is Kisthardt.
Comments:

$139K  
The Pennsville market saw 12 homes go under contract and failed to break out of a recent downward trend. Along with that, total home sales fell to 12 over the last 30 days. Prices are rising in Pennsville, and the median sales price this period increased from $44,375 to $57,500. Pennsville is a solid buyer's market with 12 months of inventory to choose from, aided by the downturn in contracts.
Comments:
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