While home sales in the Rutledge market have been better than usual, in this week's report they dropped 33.3% to two homes sold over the last 30 days. Within the same time frame, Springfield had 14 sales, the most of all cities in the area. Months of inventory is on a four-week downward trend, this week hitting zero months.
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Sales in the Rutledge market rose to three homes sold over the last 30 days, while the number of sellers reducing their list prices reached zero, which continues a confirmed upward trend in price reductions. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. While the price reductions of homes trended up, the average selling price went the other way, hitting a three-month low at $160,000.
Comments:

$364K  
The Rutledge market saw one home go under contract, and failed to break out of a confirmed downward trend. The market had total home sales of two over the last 30 days, maintaining last week's pace. The median sales price of all transactions in Rutledge did not budge this week, remaining at $374,500.
Comments:

$364K  
Sales numbers in the Rutledge market remain the same with two homes sold over the last 30 days and the market still shows a new trend downward overall. Pricing in Rutledge remains consistent from last week to this week, with the median sales price at $374,500 again.
Comments:

$364K  
The number of homes coming into the Rutledge market tumbled to zero listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. Potential buyers should note that prices went up in Rutledge, with the median for this period rising from $306,000 to $374,500.
Comments:

$364K  
Rutledge has a population that is younger than most in Pennsylvania with a median age of 42 years. Also, it's very affluent with a median income of $73,882 per household. With an ownership ratio of 82.9%, the vast majority of people in Rutledge are homeowners. Heading the list of top schools in the city is Amosland Elementary School.
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$364K  
The Rutledge market looked solid in this week's report, as the number of home sales rose 100.0%, pushing the total to two homes sold over the last 30 days. In comparison, nearby Springfield had 21 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Rutledge, with the median for this period rising from $202,000 to $306,000.
Comments:

$364K  
The Rutledge market slowed this week but was still better than normal as sales fell 50.0% to one home sold over the last 30 days. In comparison, nearby Springfield had 26 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Rutledge, with the median for this period rising from $178,650 to $202,000. Despite the slip in sales, a relatively low three months of inventory indicates that Rutledge is a seller's market.
Comments:

$375K  
The number of sellers who put their homes up for sale in the Rutledge market over the last 30 days remained flat this week at one. Home sales also remained unchanged from the prior period and once again one home was sold. The median sales price of all transactions in Rutledge did not budge this week, remaining at $202,000. Despite the flat sales, a relatively low three months of inventory remaining indicates that Rutledge is a seller's market.
Comments:

$375K  
Over the past 30 days, there have been fewer price cuts in the Rutledge market, continuing a three-week declining trend to land at zero. However, home sales remained flat with one over the same period. While price reduction numbers dropped, sale prices were able to climb. This week's reported median sales price of $202,000 continued a four-week upswing.
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