$365K  
The Mercersburg market slowed with a 50.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 1.5 monthly average with one home sold. In comparison, nearby Hagerstown had 54 sales in the same time frame, the most of all neighboring cities. Prices are falling in Mercersburg, and this period the median price of all sales fell from $175,750 to $139,500. Mercersburg is a solid buyer's market, due to a big 25 months of inventory left and aided by the dip in sales.
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$299K  
The number of sellers reducing prices in the Mercersburg market trended up to four over the last 30 days, extending a six-week streak. During the same period, two sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Pricing in Mercersburg remains consistent from last week to this week, with the median sales price at $175,750 again. Mercersburg is a definite buyer's market, due to a big 12 months of inventory left and aided by the flat sales.
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Mercersburg is an average-sized city in Pennsylvania that has seen a 3.0% increase in population over the last 10 years. It also has a total population of 1,561. Mercersburg is made up of homes that are older than most with a median of 73 years. The top schools in the city are Montgomery Elementary School and James Buchanan Middle School.
Comments:

$365K  
With two homes sold in the Mercersburg market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with six new listings for buyers to choose from. Pricing in Mercersburg remains consistent from last week to this week, with the median sales price at $175,750 again. Mercersburg is a solid buyer's market, due to a big 12 months of inventory left and aided by the flat sales.
Comments:

$299K  
This week in the Mercersburg market, sales rose to two homes sold over the last 30 days, which might be due in part to an identifiable upward trend in price reductions, with five being reported in the same time frame. The median sales price rose dramatically to $173,500, up from last week's $135,000. Even after the uptick in sales, an elevated eight months of inventory tells us that Mercersburg is still a solid buyer's market.
Comments:

$365K  
The Mercersburg market broke below its 12-month average sales volume this week as sales slid 50.0% to hit one home sold over the last 30 days. On the other hand, close-by Hagerstown registered 44 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Mercersburg, and for this period the median sales price slid from $180,000 to $135,000. With decreasing sales and the availability of 13 months of inventory, Mercersburg is a solid buyer's market.
Comments:

$365K  
With a new upward trend of new sellers listing homes, including six over the last 30 days, and sales that remained the same at two in that same time frame, the Mercersburg market will be steady. As more new listings came into the market, prices have been increasing. The median sales price hit $180,000, extending an eight-week long spike.
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$335K  
Mercersburg is much older than the rest of Pennsylvania, with a median age of 37. It's less affluent than average as well, with a median income of $41,078 per household. The Mercersburg market mostly consists of condos and townhouses, accounting for 44% of the current homes in the area. The top schools in the city are Montgomery Elementary School and James Buchanan Middle School.
Comments:

$299K  
Over the last 30 days, the Mercersburg market showed strong improvement with two homes sold. It marks a 100.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, close-by Hagerstown registered 39 homes sold in the same time frame, the most of all surrounding cities. Prices are coming down in Mercersburg, as the median sales price dropped dramatically to $180,000, while months of inventory also plummeted to four.
Comments:

$299K  
The Mercersburg market was even this week as sales remained at one home over the prior 30 days, but the area is experiencing an identifiable upward trend of contracts closing, now up to two. The median sales price of all transactions in Mercersburg did not budge this week, remaining at $225,000. Along with flat sales, a relatively high 11 months of inventory indicates that Mercersburg is a definite buyer's market.
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