$485K  
The number of sellers reducing prices in the Rhawnhurst market trended up to 24 over the last 30 days, extending a six-week streak. During the same period, 32 sales were completed. The current price reductions trend should be moving forward over the next few weeks, continuing to provide a rise in numbers. Potential buyers should note that prices went up in Rhawnhurst, with the median for this period rising from $181,000 to $182,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Rhawnhurst is a strong seller's market.
Comments:

$334K  
The Rhawnhurst market slowed with a 4.0% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 27.0 monthly average with 24 homes sold. On the other hand, the close-by Richmond neighborhood registered 53 homes sold in those same 30 days, the most of all surrounding neighborhoods. Potential buyers should note that prices went up in Rhawnhurst, with the median for this period rising from $175,000 to $181,000. In spite of the decrease in sales, a low two months of inventory signals that Rhawnhurst is a definite seller's market.
Comments:

Rhawnhurst has a cost of living adjustment score of 110.9, which is expensive when compared to others in Philadelphia. Also, the area is considered affluent with a median income of $44,867 per household. Homes in Rhawnhurst are older than most with a median age of 52 years. The best school in the neighborhood is Farrell Louis H School.
Comments:

$495K  
The Rhawnhurst market slowed with a 17.9% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 27.0 monthly average with 23 homes sold. In comparison, the Richmond neighborhood had 47 sales in the same time frame, the most of all neighborhoods in the area. The median sales price dropped to $175,000, down from last week's $190,250. Despite the slip in sales, a relatively low three months of inventory indicates that Rhawnhurst is a seller's market.
Comments:

$495K  
Sales stayed firm at 24 homes sold over the last 30 days in the Rhawnhurst market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to 35 for the same period. As new listings trended lower, the median sales price climbed for the homes that have sold, trending upwards for four weeks to reach $205,000. In spite of flat sales, a low three months of inventory signals that Rhawnhurst is a seller's market.
Comments:

$495K  
Over the last 30 days, the sale of 23 homes took place in the Rhawnhurst market. This shows a 15.0% spike from the prior period and the continuation of a determined upward trend. The median sales price climbed to $195,500 over the latest reporting period for Rhawnhurst, up from $195,250. The rising sales and a low three months of inventory mean that Rhawnhurst is a seller's market.
Comments:

$399K  
With 18 homes sold in the Rhawnhurst market over the last 30 days, we see no change from last week's numbers. However, 37 new listings came into the market. The median sales price dropped to $195,250, potentially helping to offset the four months of inventory left to be sold.
Comments:

Rhawnhurst is a larger than average neighborhood in Philadelphia with 18,758 residents. It's also the third-fastest growing, at a 10-year growth rate of 3.4%. The Rhawnhurst market is primarily made up of condos and townhouses, which currently account for 28% of the homes for sale in the area. Topping the list of best schools in the neighborhood is Farrell Louis H School.
Comments:

$399K  
Over the last 30 days, the Rhawnhurst market showed gains with 18 homes sold, closing in on the average sales volume for the prior 12 months. To put it in perspective, the close-by Richmond neighborhood registered 58 homes sold in those same 30 days, the most of all surrounding neighborhoods. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $197,500 this week.
Comments:

$520K  
Over the last 30 days, the sale of 17 homes took place in the Rhawnhurst market. This shows a 34.6% drop from the prior period but the area remains on a confirmed upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price in Rhawnhurst rose to $195,000 while months of inventory spiked to four.
Comments:
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