Port Carbon is a less affluent than average city in Pennsylvania with a median income of $37,398 per household. The population is also considered older than most with a median age of 40 years. Keep in mind, most people in Port Carbon own their homes, with a 66.2% ownership ratio. Topping the list of best schools in the city is Minersville Area Jshs.
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The Port Carbon market continues a seven-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
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The Port Carbon market is experiencing a prolonged pullback but sales stood their ground this week at one home sold over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price in Port Carbon stayed put this week at $115,000. Port Carbon is a solid buyer's market, due to a downward trend in sales numbers and 11 months of inventory remaining.
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On top of a budding downward trend in sellers reducing price, including two markdowns over the last 30 days, sales in the Port Carbon market fell to one over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Potential buyers should note that prices went up in Port Carbon, with the median for this period rising from $63,750 to $115,000. With decreasing sales and the availability of 11 months of inventory, Port Carbon is a definite buyer's market.
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The Port Carbon market saw sales remain at two homes sold over the last 30 days, with a confirmed upward trend of new listings, as three came into the market in the same time frame. Potential buyers should take note that the median sales price in Port Carbon stayed flat at $63,750 and that there are four months of inventory still available.
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Despite a 100.0% improvement in sales numbers this week to reach two homes sold over the last 30 days, the Port Carbon market still shows an identifiable trend downward overall. Potential buyers should note that prices went up in Port Carbon, with the median for this period rising from $12,500 to $63,750.
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Port Carbon is a larger than average city in Pennsylvania with 1,889 residents. Its population is also shrinking slower than others at a 10-year growth rate of -4.5%. Detached homes and condo/townhouses account for an equal amount of the area's current housing market. Heading the list of top schools in the city is Minersville Area Jshs.
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Sales in the Port Carbon market fell to one home sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with three price reductions in the same time frame. While the number of price reductions trended lower, months of inventory is on a four-week upswing, this week hitting 11 months. Port Carbon is a solid buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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A dip in the number of pending transactions in the Port Carbon market over the last 30 days has resulted in the lowest levels for contracts in three months. While one home went under contract, there were two completed sales. During the same time frame, Schuylkill Haven had the most of any other neighboring municipalities with four contracts executed. The median sales price tumbled to $16,250, down from last week's $79,000.
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$109K  
The Port Carbon market saw two homes go under contract, and failed to break out of a recent downward trend. The market had total home sales of two over the last 30 days, maintaining last week's pace. The median sales price in Port Carbon stayed flat at $79,000 while months of inventory was flat at four.
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