No deals were completed in the New Philadelphia market over the last 30 days. New Philadelphia usually averages 0.7 sales per month.
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Sellers in New Philadelphia weren't able to find buyers for their properties, resulting in a 30 day period of no sales. New Philadelphia usually averages 0.7 sales per month.
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New Philadelphia is a city that is shrinking slower than others in Pennsylvania at a 10-year growth rate of -6.1%. It also has an average-sized population of 1,085 people. Homes in New Philadelphia are older than most with a median age of 80 years.
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The New Philadelphia market was quiet this week as no sales were reported over the previous 30 days. New Philadelphia usually averages 0.7 sales per month.
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Sales numbers in the New Philadelphia market remain the same with one home sold over the last 30 days and the market still shows a persistent trend downward overall. The median sales price remained unchanged over the latest reporting period for New Philadelphia, coming in at $15,000. In spite of sales trending lower, there are only three months of inventory available, which signals that New Philadelphia is a still seller's market.
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The New Philadelphia market saw sales remain steady this week at one home sold over the last 30 days, while it undergoes an established downward trend in price reductions, with zero in the same time frame. Pricing in New Philadelphia remains consistent from last week to this week, with the median sales price at $15,000 again. With only three months of inventory to sell, New Philadelphia is a seller's market, in spite of the flat sales.
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With a determined downward trend of new sellers listing homes, including zero over the last 30 days, and sales that remained flat at one in that same time frame, the New Philadelphia market will be slowing. As new listings trended lower, prices have also been falling. The median sales price dropped to $15,000, extending a four-week long spiral. In spite of the falling prices, a low three months of inventory signals that New Philadelphia is still a seller's market.
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New Philadelphia has a population that is much younger than most in Pennsylvania with a median age of 44 years. Also, it's much less affluent than average with a median income of $33,615 per household. It should be noted that at 58.7%, most people own their homes in New Philadelphia.
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Sales numbers in the New Philadelphia market remain the same with one home sold over the last 30 days and the market still shows a new trend downward overall. The median sales price dropped dramatically to $15,000 over the latest reporting period for New Philadelphia, down from $21,500. There are only three months of inventory available in New Philadelphia, so it's still seller's market, even with the shrinking sales numbers.
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Over the past 30 days, there have been fewer price cuts in the New Philadelphia market, continuing a three-week declining trend to land at one. However, home sales remained flat with one over the same period. Pricing in New Philadelphia remains consistent from last week to this week, with the median sales price at $21,500 again. Despite the flat sales, a relatively low three months of inventory remaining indicates that New Philadelphia is a seller's market.
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