The Altamont market may be experiencing a prolonged pullback but sales stood their ground this week at one home sold over the last 30 days. Pricing in Altamont remains consistent from last week to this week, with the median sales price at $23,000 again. In spite of sales trending lower, there are only two months of inventory available, which signals that Altamont is a still solid seller's market.
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Altamont has a much younger population than other areas in Pennsylvania with a median age of 50 years. It is also much less affluent than average with a median income of $30,522 per household. The Altamont market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. Heading the list of top schools in the city is Schuylkill Technology Centers-North Campus.
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Fewer sellers put their homes up for sale in the Altamont market over the last 30 days and the number of new listings plummeted this week to zero. Home sales remained unchanged from the prior period and once again one home was sold. Pricing in Altamont remains consistent from last week to this week, with the median sales price at $23,000 again. There are only two months of inventory available in Altamont, so it's a definite seller's market, even if sales are flat.
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The Altamont market was quiet this week as no sales were reported over the previous 30 days. Altamont usually averages 0.5 sales per month.
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No deals were completed in the Altamont market over the last 30 days. Altamont usually averages 0.5 sales per month.
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New listings have increased in the Altamont market, reaching a high that hasn't been seen since October. The market is still humming, with the sale of two homes over the last 30 days extending a four-week positive trend. During the same time frame, St. Clair had the most new listings of any other neighboring municipalities with five. The median sales price in Altamont stayed put this week at $36,000. With only one month of inventory to sell, Altamont is a solid seller's market, in spite of the flat sales.
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With 602 residents, Altamont is a smaller-than-average city in Pennsylvania. Also, with 651.9 people per square mile, it has a lower than average density in comparison to other parts of the state. With an ownership ratio of 77.4%, most people in Altamont are homeowners. Topping the list of best schools in the city is Schuylkill Technology Centers-North Campus.
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The Altamont market is enjoying a pronounced upward trend, even as sales fell to two 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. Potential buyers should note that prices went up in Altamont, with the median for this period rising from $32,000 to $36,000. With only one month of inventory to sell, Altamont is a strong seller's market, in spite of the dip in sales.
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Over the last 30 days, the Altamont market was steady and saw three homes sold. However, the number of pending transactions continued to decline, with a total of one transaction during the same period. The median sales price remained unchanged over the latest reporting period for Altamont, coming in at $32,000. There is only one month of inventory available in Altamont, so it's still strong seller's market, even with the shrinking contracts numbers.
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The Altamont market showed positive signs in this week's report, as the number of home sales climbed 200.0%, pushing the total to three homes sold over the last 30 days. At the same time, close-by Frackville reported two home sales, the highest number from all the surrounding cities. The median sales price remained unchanged over the latest reporting period for Altamont, coming in at $32,000. Along with the increase in sales, the fact that there is a lower-than-normal one month of inventory indicates that Altamont is a strong seller's market.
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