With one home sold in the 17980 zip code market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with one new listing for buyers to choose from. Months of inventory hit 15 this period, extending an upward trend to four weeks. The 17980 zip code is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

Over the last 30 days, one home was sold in the 17980 zip code market, holding even with last week's numbers. However, the market is still in a new downward trend overall. The median sales price of all transactions in the 17980 zip code did not budge this week, remaining at $15,000. The 17980 zip code is a definite buyer's market with 15 months of inventory to choose from, aided by the downturn in sales.
Comments:

Fewer sellers put their homes up for sale in the 17980 zip code market over the last 30 days and the number of new listings fell this week to four. Home sales remained unchanged from the prior period and once again one home was sold. Pricing in the 17980 zip code remains consistent from last week to this week, with the median sales price at $95,000 again. The 17980 zip code is a definite buyer's market, thanks to a big 14 months of inventory to choose from and the flat sales.
Comments:

17980 is an average-sized zip code in Pennsylvania that has seen a 3.0% increase in population over the last 10 years. It also has a total population of 3,400. With a median age of 74 years, homes in the 17980 zip code tend to be older than most.
Comments:

Over the last 30 days, an emerging downward trend of new sellers coming into the 17980 zip code market continued, with five listings in this week's report. Meanwhile, sales fell, with one home selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. As new listings trended lower, the median sales price climbed for the homes that have sold, trending upwards for eight weeks to reach $95,000. Along with the slip in sales, a relatively high 14 months of inventory indicates that the 17980 zip code is a definite buyer's market.
Comments:

$128K  
The 17980 zip code market saw zero homes go under contract and failed to break out of a confirmed downward trend. Along with that, total home sales dropped to two over the last 30 days. The median sales price rose dramatically to $64,000, up from last week's $33,000. The 17980 zip code is a strong buyer's market with eight months of inventory to choose from, aided by the downturn in contracts.
Comments:

$128K  
Over the last 30 days, an established upward sales trend continued in the 17980 zip code market, even as sales remained flat at three this week. Potential buyers should take note that the median sales price in the 17980 zip code stayed flat at $33,000 and that there are four months of inventory still available.
Comments:

$128K  
The 17980 zip code market pulled back this week but remained much stronger than normal as sales fell 25.0% to three homes sold over the last 30 days. In comparison, the nearby 17963 zip code had five sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 17980 zip code, and the median sales price this period increased from $30,500 to $33,000. There are only three months of inventory available in the 17980 zip code, so it's a seller's market, even with the decrease in sales.
Comments:

$128K  
The 17980 zip code market was solid this week and remained above its average as sales rose 50.0% to reach three homes sold over the last 30 days. In comparison, the nearby 17963 zip code had four sales in the same time frame, the most of all neighboring zip codes. Prices were able to climb as this week's reported median sales price of $33,000 continued a four-week upswing.
Comments:

17980 is a less affluent than average zip code in Pennsylvania with a median income of $41,583 per household. The population is also considered younger than most with a median age of 43 years. It should be noted that at 69.4%, most people own their homes in the 17980 zip code.
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