The number of sellers reducing prices in the 18072 zip code market trended up to two over the last 30 days, extending a six-week streak. During the same period, two sales were completed. As might be expected, as the number of sellers reducing price trended higher, the median sales price continued to fall, trending downwards for four weeks to reach $74,000. There is only one month of inventory available in the 18072 zip code, so it's still a definite seller's market, despite the falling prices.
Comments:

18072 is a larger than average zip code in Pennsylvania with a population of 6,841 residents. Also, it has an average density with 442.5 people per square mile. It should be noted that at 68.4%, most people own their homes in the 18072 zip code. The best schools in the zip code are Wind Gap Middle School and Pen Argyl Area High School.
Comments:

Over the last 30 days, the number of homes sold in the 18072 zip code rose to two. While the sales increased, the amount of pending transactions also trended upward, reaching a total of one during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Potential buyers should note that prices went up in the 18072 zip code, with the median for this period rising from $23,000 to $74,000.
Comments:

The 18072 zip code market saw sales remain flat this week with one home sold over the last 30 days but new listings tumbled to two. Pricing in the 18072 zip code remains consistent from last week to this week, with the median sales price at $23,000 again. In spite of flat sales, a low one month of inventory signals that the 18072 zip code is a definite seller's market.
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$105K  
The 18072 zip code market was quiet this week as no sales were reported over the previous 30 days. The 18072 zip code usually averages 0.5 sales per month.
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$239K  
Sellers in the 18072 zip code weren't able to find buyers for their properties, resulting in a 30 day period of no sales. The 18072 zip code usually averages 0.5 sales per month.
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$126K  
No deals were completed in the 18072 zip code market over the last 30 days. The 18072 zip code usually averages 0.5 sales per month.
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$239K  
The population of the 18072 zip code is affluent compared to others in Pennsylvania with a median income of $52,017 per household. It's also considered an expensive zip code in terms of affordability with a cost of living adjustment score of 109.7. With a median age of 62 years, homes in the 18072 zip code tend to be older than most. Leading the list of best schools in the zip code are Wind Gap Middle School and Pen Argyl Area High School.
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$119K  
The 18072 zip code market saw sales remain at one home sold over the last 30 days, with a confirmed upward trend of new listings, as one came into the market in the same time frame. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price in the 18072 zip code stayed put this week at $132,000. In spite of flat sales, a low two months of inventory signals that the 18072 zip code is a strong seller's market.
Comments:

$239K  
Over the last 30 days, sales in the 18072 zip code market remained at their current pace of one homes. However, the amount of pending transactions continued to improve, reaching a total of zero during the same period. Pricing in the 18072 zip code remains consistent from last week to this week, with the median sales price at $132,000 again. There are only two months of inventory available in the 18072 zip code, so it's a definite seller's market, even if sales are flat.
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