Over the last 30 days, the 17948 zip code market got positive news 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, the close-by 18252 zip code registered eight homes sold in the same period, the most of all surrounding zip codes. The median sales price climbed to $9,737 over the latest reporting period for the 17948 zip code, up from $8,125. The 17948 zip code is still a solid buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
Comments:

The 17948 zip code market is enjoying an extended upward trend, even as sales fell to one home 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. The median sales price dropped to $8,125, down from last week's $9,312. The 17948 zip code is a strong buyer's market, due to a big 14 months of inventory left and aided by the dip in sales.
Comments:

Sales remained at two homes sold over the last 30 days in the 17948 zip code market. Sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to five for the same period. Pricing in the 17948 zip code remains consistent from last week to this week, with the median sales price at $9,312 again. Along with flat sales, a relatively high seven months of inventory indicates that the 17948 zip code is a definite buyer's market.
Comments:

In this week's report, the number of homes sold in the 17948 zip code market dropped to two over the past 30 days, a decrease of 33.3% from last week's report, but still above the monthly average. Within the same time frame, the 17901 zip code had eight sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 17948 zip code, and for this period the median sales price slid from $10,500 to $9,312. The 17948 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
Comments:

The number of home sales in the 17948 zip code market climbed 50.0% to three homes over the last 30 days, above the 1.4 monthly average. In comparison, the nearby 17901 zip code had nine sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $10,500 over the latest reporting period for the 17948 zip code, down from $12,750.
Comments:

The 17948 zip code has a population that is older than most in Pennsylvania with a median age of 40 years. Also, it's much less affluent than average with a median income of $31,332 per household. With an ownership ratio of 55.5%, most people in the 17948 zip code are homeowners.
Comments:

The 17948 zip code market was active this week as sales climbed 100.0% to reach two homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. In comparison, the nearby 17901 zip code had 11 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 17948 zip code, and for this period the median sales price slid from $15,000 to $12,750.
Comments:

The 17948 zip code market saw sales remain flat this week with one home sold over the last 30 days, while new listings rose to two. The median sales price of all transactions in the 17948 zip code did not budge this week, remaining at $15,000. The 17948 zip code is a solid buyer's market, due to a big 12 months of inventory left and aided by the flat sales.
Comments:

The 17948 zip code market saw zero homes go under contract, and failed to break out of a determined downward trend. The market had total home sales of one over the last 30 days, maintaining last week's pace. Prices are falling in the 17948 zip code, and this period the median price of all sales fell from $22,000 to $15,000. The 17948 zip code is a solid buyer's market, due to a downward trend in contracts numbers and 13 months of inventory remaining.
Comments:

A three-week rough patch for the overall sales trend continues in the 17948 zip code market, with number of sales staying even at one over the last 30 days. The median sales price remained unchanged over the latest reporting period for the 17948 zip code, coming in at $22,000. The 17948 zip code is a solid buyer's market, due to a downward trend in sales numbers and 13 months of inventory remaining.
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