$387K  
The 19040 zip code market will be heating up, as not only have sales risen this week to five homes sold over the last 30 days, but there is a budding upward trend of new listings, with 22 going live in the same time frame. New listings numbers should rise over the next few weeks as well with all signs pointing to a continuation of the existing trend. The median sales price jumped to $268,500, up from last week's $219,000. The 19040 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 10 months of remaining inventory.
Comments:

$124K  
Over the last 30 days, four homes were sold in the 19040 zip code market, down 20.0%. Additionally, the market is still in a confirmed downward trend overall. As sales trended lower the average selling price followed the pattern, hitting a one-year low at $219,000. The downturn in sales and prices, coupled with the availability of 10 months of inventory, signal that the 19040 zip code is a strong buyer's market.
Comments:

$259K  
19040 is a very affluent zip code in Pennsylvania with a median income of $64,252 per household. The population is also considered older than most with a median age of 41 years. It should be noted that at 62.1%, most people own their homes in the 19040 zip code. Topping the list of best schools in the zip code is Blair Mill Elementary School.
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$499K  
The 19040 zip code market remained cold with five homes sold in the last 30 days, a 28.6% sales drop. On the other hand, the close-by 18974 zip code registered 27 homes sold in the same period, the most of all surrounding zip codes. Prices were able to climb as this week's reported median sales price of $263,000 continued a four-week upswing. The 19040 zip code is a strong buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$279K  
Over the last 30 days, an emerging upward trend of new sellers coming into the 19040 zip code market continued, with 18 listings in this week's report. Meanwhile, sales have dropped, with seven homes selling during the same period. Pricing in the 19040 zip code remains consistent from last week to this week, with the median sales price at $295,000 again.
Comments:

$234K  
Sales fell to 15 homes sold in the 19040 zip code market over the last 30 days. Furthermore, a determined downturn in the number of pending transactions continued, with 12 completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price rose to $295,000 over the latest reporting period for the 19040 zip code, up from $283,500. With only three months of inventory to sell, the 19040 zip code is a still seller's market, even after taking into consideration the falling contracts numbers.
Comments:

$499K  
In this week's report, the number of homes sold in the 19040 zip code market dropped to 16 over the past 30 days. It marked a decrease of 23.8% from last week's report and a fall below the monthly average. Within the same time frame, the 18974 zip code had 36 sales, the most of all zip codes in the area. The median sales price climbed during this period, hitting a nine-month high at $283,500. There are only two months of inventory available in the 19040 zip code, so it's a strong seller's market, even with the decrease in sales.
Comments:

$499K  
Sales in the 19040 zip code market remained level with 21 homes 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 15 price reductions in the same time frame. All indications show that the trend should continue, meaning less price reductions over the next few weeks. The median sales price rose to $272,000 over the latest reporting period for the 19040 zip code, up from $264,000. Despite the flat sales, a relatively low two months of inventory remaining indicates that the 19040 zip code is a strong seller's market.
Comments:

$234K  
19040 is a larger than average zip code in Pennsylvania with 21,182 residents. Its population is growing about even with the rest of the state, at a 10-year growth rate of 1.3%. Detached homes account for 63% of the area's current housing market. The top school in the zip code is Blair Mill Elementary School.
Comments:

$234K  
The 19040 zip code market saw 13 homes go under contract and failed to break out of a recent downward trend. Despite that, total home sales ticked up to 20 over the last 30 days. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Potential buyers should note that prices went up in the 19040 zip code, with the median for this period rising from $262,250 to $268,000. With only two months of inventory and rising sales, the 19040 zip code is a definite seller's market.
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