Shamokin, PA 17872 housing market

What this means

• Valuation. Prices are roughly in line with local incomes (−4% vs. this area's pre-2020 price-to-income norm).
• Prices. Home values are down 1.6% over the past year (U.S.: +1.2%).
• Supply. Listings are 4% below the 2017-19 norm and rising (+41% vs. a year ago), close to pre-pandemic levels.
• Negotiating. Buyer leverage is high (98/100; U.S.: 54): homes sell for about 9.7% below their final list price; 30% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 11% of the median household income (U.S.: 35%); it takes about $18k a year to keep the payment at 30% of gross pay. That includes about $1,018 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $248 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −10% to +7% over the next 12 months (46% chance of a rise).

Next 12 months

No clear direction

A fall is somewhat more likely than a rise, but not by enough to call. Likely change: −9.8% to +6.5% (80% range; middle estimate −0.5%), chance of a rise 46%, of a 5%+ drop 24%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

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