In this week's report, the number of homes sold in the Shenandoah market dropped to one over the past 30 days, a decrease of 50.0% from last week's report. Within the same time frame, Shenandoah Heights had two sales, the most of all cities in the area. The median sales price climbed during this period, hitting a nine-month high at $53,000. Shenandoah is a definite buyer's market, thanks to a big 15 months of inventory to choose from and a pullback in sales.
Comments:

The Shenandoah market is currently in the middle of a prolonged upward sales trend, even as sales remained flat at two homes sold over the last 30 days. The median sales price in Shenandoah stayed put this week at $33,000.
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Shenandoah is a much less affluent than average city in Pennsylvania with a median income of $23,599 per household. The population is also considered older than most with a median age of 41 years. Keep in mind, 43.2% of the homes in Shenandoah are owned, while 27.9% are rented. The top school in the city is Shenandoah Valley Elementary School.
Comments:

The Shenandoah market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at four. A months of inventory number of 11 reported this week continued an eight-week upward trend. Along with the slip in sales, the higher-than-normal inventory indicates that Shenandoah is a strong buyer's market.
Comments:

Over the last 30 days, sales in the Shenandoah market remained at their current pace of one homes. However, the amount of pending transactions continued to improve, reaching a total of one during the same period. At the same time that contracts trended higher, months of inventory rose to 11, its highest point since last February. Along with the slip in sales, the higher-than-normal inventory indicates that Shenandoah is a strong buyer's market.
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The Shenandoah market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at three. Prices were able to climb as this week's reported median sales price of $13,000 continued a four-week upswing. With no movement in sales and the availability of 10 months of inventory, Shenandoah is a definite buyer's market.
Comments:

More sellers put their homes up for sale in the Shenandoah market over the last 30 days and the number of new listings jumped this week to three. Home sales remained unchanged from the prior period and once again one home was sold. The median sales price of all transactions in Shenandoah did not budge this week, remaining at $7,000. Shenandoah is a solid buyer's market, thanks to a big 10 months of inventory to choose from and the flat sales.
Comments:

Sales stayed firm at one home sold over the last 30 days in the Shenandoah market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to one for the same period. While the number of new listings were weakened, months of inventory hit eight, extending an upward trend to four weeks. Shenandoah is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

Shenandoah is a larger than average city in Pennsylvania with 5,071 residents. Its population is also shrinking slower than others at a 10-year growth rate of -10.2%. The Shenandoah market mostly consists of condos and townhouses, accounting for 44% of the current homes in the area. The top school in the city is Shenandoah Valley Elementary School.
Comments:

On top of a 50.0% reduction in sales numbers this week to land at one home sold over the last 30 days, the Shenandoah market still shows a persistent trend downward overall. Potential buyers should note that prices are coming down in Shenandoah, and for this period the median sales price slid from $7,500 to $7,000. A downturn in sales, coupled with the availability of nine months of inventory, prove that Shenandoah is a definite buyer's market.
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