The Fairhill market recorded four home sales over the last 30 days. Also, a record low 12 new listings came into the market, the fewest since October. In comparison, the Kensington neighborhood had 54 new listings in the same time frame, the most of all close-by neighborhoods. The median sales price dropped to $27,500 over the latest reporting period for Fairhill, down from $32,500. Despite the decrease in new listings, there are still 14 months of inventory left, meaning that Fairhill is still a strong buyer's market.
Comments:

This week in the Fairhill market, sales fell to seven homes sold over the last 30 days, even as it endures a confirmed upward trend in price reductions, with 13 reported in the same time frame. While price reduction numbers were strong, the median sales price of homes sold came in at $32,500, which extended a price upswing to four weeks. With decreasing sales and the availability of eight months of inventory, Fairhill is a strong buyer's market.
Comments:

With 17,302 residents, Fairhill is a larger than average neighborhood in Philadelphia. Also, with 26,620.6 people per square mile, it has a higher than average density in comparison to other parts of the city. Keep in mind, 40.8% of the homes in Fairhill are owned, while 46.4% are rented. Heading the list of top schools in the neighborhood is Kipp Academy Charter School.
Comments:

The Fairhill market has established an emerging upward trend, even as sales fell 11.1% this week to eight homes 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. At the same time that sales trended up, the average selling price also hit a milestone at $34,250, a three-month high. With decreasing sales and the availability of eight months of inventory, Fairhill is a definite buyer's market.
Comments:

In this week's report, the number of homes sold in the Fairhill market dropped to nine over the past 30 days, a decrease of 10.0% from last week's report, but still above the monthly average. In comparison, the Fishtown neighborhood had 52 sales in the same time frame, the most of all neighborhoods in the area. Potential buyers should note that prices went up in Fairhill, with the median for this period rising from $33,250 to $34,000.
Comments:

The number of homes coming into the Fairhill market stayed firm with 12 listings over the last 30 days, while sales remained right where they were as once again nine homes were sold over the same period. The median sales price climbed to $34,000, up from last week's $32,000.
Comments:

The Fairhill market was solid in this week's report, as the number of home sales rocketed 28.6%, pushing the total to nine homes sold over the last 30 days. To put it in perspective, the close-by Fishtown neighborhood registered 51 homes sold in those same 30 days, the most of all surrounding neighborhoods. The median sales price of all transactions in Fairhill did not budge this week, remaining at $32,000.
Comments:

This week in the Fairhill market, sales rose to six homes sold over the last 30 days, even with a solid downward trend in price reductions, with 10 in the same time frame. The median sales price jumped to $30,500, up from last week's $25,000. Even after the uptick in sales, an elevated 10 months of inventory tells us that Fairhill is still a definite buyer's market.
Comments:

Sales fell to five homes sold in the Fairhill market over the last 30 days. Furthermore, a recent downturn in the number of pending transactions continued, with nine 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. Prices are rising in Fairhill, and the median sales price this period increased from $22,000 to $25,000. Fairhill is a solid buyer's market with 12 months of inventory to choose from, aided by the downturn in contracts.
Comments:

Fairhill is a neighborhood in Philadelphia. It's much less affluent than average and the cost of living is much less expensive compared to the rest of the city, with a median income of $16,914 per household and cost of living adjustment score of 91.8. Homes in Fairhill are older than most with a median age of 73 years. Heading the list of top schools in the neighborhood is Kipp Academy Charter School.
Comments:
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