$249K  
In this week's report, the number of homes sold in the Somerton market fell to 17 over the past 30 days. It marked a decrease of 19.0% from last week's report and another period below the monthly average. Meanwhile, the Mayfield neighborhood reported 46 home sales, the highest number from all of the surrounding neighborhoods. Potential buyers should note that prices are coming down in Somerton, and for this period the median sales price slid from $230,000 to $227,500. In spite of the decrease in sales, a low three months of inventory signals that Somerton is a seller's market.
Comments:

$279K  
The Somerton market closed in on its 12-month sales average this week as sales climbed 16.7% to reach 21 homes sold over the last 30 days. Within the same time frame, the Mayfield neighborhood had 50 sales, the most of all neighborhoods in the area. The median sales price dropped to $230,000, down from last week's $234,000. The rising sales and a low two months of inventory point to Somerton being a strong seller's market.
Comments:

$249K  
Somerton is an average-sized neighborhood in Philadelphia with 14,458 residents. Also, it has a much lower than average density with 6,966.2 people per square mile. Keep in mind, most people in Somerton own their homes, with a 71.2% ownership ratio. Heading the list of top schools in the neighborhood is Mast Community Charter School.
Comments:

$249K  
With an identifiable downward trend of new sellers listing homes, including 17 over the last 30 days, and sales that inched up to 18 in that same time frame, the Somerton market will be getting less crowded. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price dropped to $234,000, down from last week's $245,000. With only three months of inventory and rising sales, Somerton is a seller's market.
Comments:

$279K  
In this week's report, the number of homes sold in the Somerton market dropped to 14 over the past 30 days, a decrease of 17.6% from last week's report. On the other hand, the close-by Mayfield neighborhood registered 53 homes sold in those same 30 days, the most of all surrounding neighborhoods. The median sales price in Somerton rose to $245,000 while months of inventory spiked to four.
Comments:

$550K  
The Somerton remained below its 12-month average sales volume this week as sales dropped 11.1% to hit 16 homes sold over the last 30 days. Within the same time frame, the Mayfield neighborhood had 48 sales, the most of all neighborhoods in the area. The median sales price rose to $240,000, and there are a fairly average four months of inventory left to be sold.
Comments:

$599K  
The Somerton market pulled back with a 10.0% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 21.2 monthly average with 18 homes sold. Meanwhile, the Mayfield neighborhood reported 50 home sales, the highest number from all of the surrounding neighborhoods. Prices were able to climb as this week's reported median sales price of $226,000 continued a four-week upswing. In spite of the decrease in sales, a low three months of inventory signals that Somerton is a seller's market.
Comments:

$120K  
The Somerton market broke below its 12-month average sales volume this week as sales slid 19.2% to hit 21 homes sold over the last 30 days. On the other hand, the close-by Oxford Circle neighborhood registered 49 homes sold in those same 30 days, the most of all surrounding neighborhoods. Months of inventory continued a steady rise, trending upwards for four weeks to reach three months. With inventory so low in Somerton, it's still a seller's market, even after taking into consideration the decrease in sales.
Comments:

$249K  
Somerton is a neighborhood in Philadelphia with a median income of $56,726 per household. On top of being very affluent, it also ranks as the second-youngest with a median age of 47 years. The Somerton market mostly consists of detached houses, accounting for 56% of the current homes in the area. The best school in the neighborhood is Mast Community Charter School.
Comments:

$249K  
The Somerton market looked solid in this week's report, as the number of home sales rose 4.3%, pushing the total to 24 homes sold over the last 30 days. In comparison, the Oxford Circle neighborhood had 56 sales in the same time frame, the most of all neighborhoods in the area. Potential buyers should note that prices are coming down in Somerton, and for this period the median sales price slid from $245,000 to $235,000. The rising sales and a low three months of inventory point to Somerton being a seller's market.
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