$750K  
The Norristown market saw 33 homes go under contract and failed to break out of an emerging downward trend. Along with that, total home sales fell to 28 over the last 30 days. Prices are rising in Norristown, and the median sales price this period increased from $116,000 to $135,000. Norristown is a solid buyer's market with seven months of inventory to choose from, aided by the downturn in contracts.
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$165K  
The Norristown market saw 25 homes go under contract and failed to break out of a recent downward trend. Along with that, total home sales fell to 33 over the last 30 days. The median sales price rose to $117,000, up from last week's $110,000.
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$274K  
The Norristown market looked busy in this week's report, as the number of home sales rose 5.6%, pushing the total to 38 homes sold over the last 30 days. In comparison, nearby Philadelphia had 1,547 sales in the same time frame, the most of all neighboring cities. A months of inventory number of five reported this week continued an eight-week downward trend.
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Norristown is a small city in Pennsylvania with a median income of $43,765 per household. Besides being somewhat affluent, its population is much older than others with a median age of 31 years. The Norristown market primarily consists of condos and townhouses, accounting for 21% of the current homes in the area. The best school in the city is Hancock Elementary School.
Comments:

$750K  
The Norristown market is enjoying a solid upward trend, reiterated again this week as sales rose 6.5% to 33 homes over the last 30 days. The median sales price dropped to $115,000 over the latest reporting period for Norristown, down from $130,000.
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$750K  
The Norristown market got good news in this week's report, as the number of home sales climbed 15.4%, pushing the total to 30 homes sold over the last 30 days. To put it in perspective, close-by Philadelphia registered 1,384 homes sold in the same time frame, the most of all surrounding cities. Prices were able to climb as this week's reported median sales price of $134,950 continued a four-week upswing. Despite the rising prices, with seven months of inventory left to work through, Norristown is still a definite buyer's market.
Comments:

$140K  
The Norristown market slowed with a 3.7% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 27.3 monthly average with 26 homes sold. Within the same time frame, Philadelphia had 1,385 sales, the most of all cities in the area. Prices are falling in Norristown, and this period the median price of all sales fell from $142,500 to $141,200. Norristown is a solid buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
Comments:

$159K  
Norristown is a larger than average city in Pennsylvania with a population of 34,324 residents. Also, it has a much higher than average density with 9,752.9 people per square mile. With a ratio of 52.1%, most homes in Norristown are being rented. Topping the list of best schools in the city is Hancock Elementary School.
Comments:

$750K  
Over the last 30 days, the sale of 25 homes took place in the Norristown market. This shows a 7.4% reduction from the prior period but the area remains on a recent upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. While sales were solid, months of inventory were further reduced to eight, extending a downward trend to four weeks. With decreasing sales and the availability of so much inventory, Norristown is a strong buyer's market.
Comments:

$159K  
The Norristown market showed gains this week as sales rose 3.8% to reach 27 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. At the same time, close-by Philadelphia reported 1,337 home sales, the highest number from all the surrounding cities. Prices are rising in Norristown, and the median sales price this period increased from $104,500 to $131,000. Even after the uptick in sales, an elevated seven months of inventory tells us that Norristown is still a definite buyer's market.
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