The Paw Paw market saw sales remain flat this week with one home sold over the last 30 days, while new listings jumped to one. The median sales price remained unchanged over the latest reporting period for Paw Paw, coming in at $45,000. Despite the flat sales, a relatively low three months of inventory remaining indicates that Paw Paw is a seller's market.
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The number of sellers reducing prices in the Paw Paw market trended up to three over the last 30 days, extending a three-week streak. During the same period, one sale was completed. Potential buyers should take note that the median sales price in Paw Paw stayed flat at $45,000 and that there are four months of inventory still available.
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Over the last 30 days, the Paw Paw market had a lift in home sales with one. But as sales edged up, the number of pending transactions continued to decline, with a total of zero contracts during the same period. However, as contracts trended lower, the median sales price climbed, hitting a nine-month high at $45,000.
Comments:

The population of Paw Paw is very affluent compared to others in West Virginia with a median income of $42,010 per household. It's also considered a less expensive city in terms of affordability with a cost of living adjustment score of 80.8. With a median age of 61 years, homes in Paw Paw tend to be older than most. The best school in the city is Slanesville Elementary School.
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The Paw Paw market was quiet this week and reported zero home sales over the last 30 days. Paw Paw usually averages 0.2 sales per month.
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No deals were completed in the Paw Paw market over the last 30 days. Paw Paw usually averages 0.2 sales per month.
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The Paw Paw market was quiet this week as no sales were reported over the previous 30 days. Paw Paw usually averages 0.2 sales per month.
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The Paw Paw market was quiet this week as no sales were reported over the previous 30 days. Paw Paw usually averages 0.2 sales per month. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks.
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Over the last 30 days, an identifiable upward trend of new sellers coming into the Paw Paw market continued, with one listings in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. While new listing numbers rose, prices climbed as well. This week's reported median sales price of $11,000 continued a four-week upswing.
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With 508 residents, Paw Paw is a smaller-than-average city in West Virginia. Also, with a 2.8% increase over the last 10 years, its population is growing faster than other parts of the state. Keep in mind, most people in Paw Paw own their homes, with a 53.0% ownership ratio. Heading the list of top schools in the city is Slanesville Elementary School.
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