$159K  
In this week's report, the number of homes sold in the Norristown market slid to 28 over the past 30 days, a decrease of 15.2% from last week's report, but still above the monthly average. Meanwhile, close-by Philadelphia reported 1,063 homes sales, the highest number from all the surrounding cities. A months of inventory number of five reported this week continued a four-week downward trend.
Comments:

$825K  
The Norristown market saw sales drop 21.4% this week but it is currently in the midst of a new upward sales trend, including 33 homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $86,200 this week.
Comments:

$139K  
The Norristown market pulled back with a 4.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (26.0) with 41 homes sold. Meanwhile, close-by Philadelphia reported 1,230 homes sales, the highest number from all the surrounding cities. Potential buyers should take note that the median sales price in Norristown climbed to $85,000 and that there are four months of inventory still available.
Comments:

$159K  
Norristown has a much older population than other areas in Pennsylvania with a median age of 31 years. It is also somewhat affluent with a median income of $43,765 per household. Condos and townhouses account for 19% of the area's current housing market. Heading the list of top schools in the city is Hancock Elementary School.
Comments:

$115K  
Over the last 30 days, an established downward trend of new sellers coming into the Norristown market continued, with 29 listings in this week's report. Meanwhile, sales jumped, with 42 homes selling during the same period. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $70,702 this week.
Comments:

$169K  
A dip in the number of pending transactions in the Norristown market over the last 30 days has resulted in the lowest levels for contracts in three months. While 32 homes went under contract, there were 30 completed sales. In comparison, Philadelphia had 1,215 contracts executed in the same time frame, the most of all nearby cities. Potential buyers should note that prices went up in Norristown, with the median for this period rising from $59,310 to $60,000.
Comments:

$139K  
Over the last 30 days, the Norristown market showed strong improvement with 27 homes sold. It marks a 58.8% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, Philadelphia had 1,118 sales, the most of all cities in the area. Prices are falling in Norristown, and this period the median price of all sales fell from $60,000 to $59,310.
Comments:

$114K  
The Norristown market might be slowing in the coming weeks. Sales fell this week to 16 homes sold over the last 30 days, and there is a new downward trend in the number of new listings, with 33 going live in the same time frame. While the number of new listings were weakened, months of inventory hit 10, extending an upward trend to four weeks. Norristown is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

$103K  
Over the last 30 days, 18 homes were sold in the Norristown market, down 18.2%. Additionally, the market is still in a confirmed downward trend overall. Potential buyers should note that prices went up in Norristown, with the median for this period rising from $110,500 to $132,450. Norristown is a definite buyer's market, due to a downward trend in sales numbers and nine months of inventory remaining.
Comments:

$369K  
With 21 homes sold in the Norristown market over the last 30 days, we see no change from last week's numbers. However, 33 new listings came into the market. The average selling price hit a milestone at $100,000, a three-month high. Norristown is a definite buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:
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