$199K  
In this week's report, the number of homes sold in the Lorane market plummeted to three over the past 30 days. It marked a decrease of 50.0% from last week's report and a fall below the monthly average. On the other hand, close-by Reading registered 49 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $109,900 over the latest reporting period for Lorane, down from $137,450.
Comments:

$200K  
This week in the Lorane market, sales fell to five homes sold over the last 30 days, even as it endures an identifiable upward trend in price reductions, with six reported in the same time frame. Potential buyers should note that prices went up in Lorane, with the median for this period rising from $127,500 to $165,000. In spite of the decrease in sales, a low three months of inventory signals that Lorane is a seller's market.
Comments:

$189K  
Sales remained at six homes sold over the last 30 days in the Lorane market. Sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to eight for the same period. Potential buyers should note that prices went up in Lorane, with the median for this period rising from $74,500 to $127,500. Despite the flat sales, a relatively low three months of inventory remaining indicates that Lorane is a seller's market.
Comments:

$169K  
The number of homes coming into the Lorane market shot up to seven listings over the last 30 days, while sales remained right where they were as once again six homes were sold over the same period. Potential buyers should note that prices are coming down in Lorane, and for this period the median sales price slid from $114,950 to $74,500. In spite of flat sales, a low two months of inventory signals that Lorane is a definite seller's market.
Comments:

$169K  
The population of Lorane is growing faster than the rest of Pennsylvania, at a 10-year growth rate of 6.1%. It's a larger than average city compared to the rest of the state, with 4,236 residents. Lorane is made up of homes that are considered relatively old with a median of 31 years. The top school in the city is Jacksonwald Elementary School.
Comments:

$205K  
Despite a 28.6% drop in sales over the last 30 days, the Lorane market extended a three-week hot streak with a total of five homes sold in that span. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price remained unchanged over the latest reporting period for Lorane, coming in at $139,900. In spite of the decrease in sales, a low two months of inventory signals that Lorane is a definite seller's market.
Comments:

$179K  
Over the last 30 days, the Lorane market looked busy with seven homes sold, a 16.7% increase from last week's report. Within the same time frame, Reading had 45 sales, the most of all cities in the area. The median sales price dropped to $139,900, down from last week's $161,450. The rising sales and a low two months of inventory point to Lorane being a strong seller's market.
Comments:

$179K  
The Lorane market looked solid in this week's report, as the number of home sales jumped 25.0%, pushing the total to five homes sold over the last 30 days. Within the same time frame, Reading had 47 sales, the most of all cities in the area. Months of inventory continued a steady fall, trending downwards for four weeks to reach two months. The rise in sales and low inventory point to Lorane being a strong seller's market.
Comments:

$209K  
On top of an established downward trend in sellers reducing price, including three markdowns over the last 30 days, sales in the Lorane market fell to four over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. While price reduction numbers were weak, the median sales price of homes sold came in at $198,500, which extended a price upswing to four weeks. There are only three months of inventory available in Lorane, so it's a seller's market, even with the decrease in sales.
Comments:

$169K  
With a recent downward trend of new sellers listing homes, including one over the last 30 days, and sales that rose to five in that same time frame, the Lorane market will be less intense. The median sales price jumped to $183,000 over the latest reporting period for Lorane, up from $152,000. With just two months of inventory available and sales going up, Lorane is a strong seller's market.
Comments:
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