Sales rose to four homes sold in the 17981 zip code market over the last 30 days. However, a confirmed downturn in the amount of pending transactions continued, with zero completed in the same period. While contracts numbers were weak, the median sales price of those homes came in at $107,000, which extended a price upswing to four weeks. With just one month of inventory available and sales prices going up, the 17981 zip code is a solid seller's market.
Comments:

While home sales in the 17981 zip code market have been better than usual, in this week's report they dropped 25.0% to three homes sold over the last 30 days. Within the same time frame, the 17901 zip code had 23 sales, the most of all zip codes in the area. The median sales price rose to $92,000, up from last week's $91,000. With only three months of inventory to sell, the 17981 zip code is a seller's market, in spite of the dip in sales.
Comments:

The number of homes coming into the 17981 zip code market shrank to one listing over the last 30 days, while sales remained right where they were as once again four homes were sold over the same period. The median sales price of all transactions in the 17981 zip code did not budge this week, remaining at $91,000. With only two months of inventory to sell, the 17981 zip code is a definite seller's market, in spite of the flat sales.
Comments:

17981 is an average-sized zip code in Pennsylvania with 2,703 residents. Also, it has a lower than average density with 98.3 people per square mile. Keep in mind, most people in the 17981 zip code own their homes, with a 70.3% ownership ratio.
Comments:

The 17981 zip code market saw sales remain flat this week with one home sold over the last 30 days but new listings fell to two. The median sales price in the 17981 zip code stayed put this week at $90,000. With no movement in sales and the availability of nine months of inventory, the 17981 zip code is a definite buyer's market.
Comments:

Sales remained at one home sold over the last 30 days in the 17981 zip code market. Sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to three for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. Potential buyers should note that prices went up in the 17981 zip code, with the median for this period rising from $25,000 to $90,000. Along with flat sales, a relatively high 10 months of inventory indicates that the 17981 zip code is a strong buyer's market.
Comments:

Sales in the 17981 zip code market remained level with one home sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with one price reduction in the same time frame. The median sales price in the 17981 zip code stayed put this week at $25,000. With no movement in sales and the availability of nine months of inventory, the 17981 zip code is a strong buyer's market.
Comments:

The 17981 zip code market was even this week as sales remained at one home over the prior 30 days, but the area is experiencing a new upward trend of contracts closing, now up to three. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price remained unchanged over the latest reporting period for the 17981 zip code, coming in at $25,000. Along with flat sales, a relatively high nine months of inventory indicates that the 17981 zip code is a definite buyer's market.
Comments:

There was one home sold in the 17981 zip code market over the last 30 days on top of a record four contracts executed. It is the most since last March and could be a sign that the market looks to improve. In comparison, the 17901 zip code had 21 contracts executed in the same time frame, the most of all nearby zip codes. The median sales price rose to $25,000 over the latest reporting period for the 17981 zip code, up from $22,500. With decreasing sales and the availability of nine months of inventory, the 17981 zip code is a definite buyer's market.
Comments:

The population of the 17981 zip code is much less affluent than average compared to others in Pennsylvania with a median income of $36,981 per household. It's also considered a much less expensive zip code in terms of affordability with a cost of living adjustment score of 87.3. With a median age of 76 years, homes in the 17981 zip code tend to be older than most.
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