Northern Cambria’s housing supply is on the lean side, with only 9 homes on the market and 1 new listing in the latest month. Pending activity is relatively steady, with 4 homes going under contract, helping keep months of supply around 3. Fewer options and steady contracts are consistent with its Seller's Market label, reflected in a market gauge of 23.
Pricing is adjusting to these conditions, with a typical home value of about $99,900 and a much lower median list price near $69,900. Compared with Cambria County as a whole, where the typical value is around $87,000, Northern Cambria’s values sit somewhat higher even after a year-over-year decline of 13.09 percent.
Homes are taking some time to move, spending a median of 64 days on the market, and that’s up sharply month over month even as it has eased compared with last year. Still, about 33 percent of recent sales closed above list price, and the average sale-to-list ratio of roughly 1.05 shows that well-positioned homes can sell for more than asking even with about 11 percent of listings seeing price cuts. With projected inventory dipping to 7 listings and a projected typical home value of $142,700 next month, both buyers and sellers can benefit from having a local expert, and Agent Pronto can connect them with the right agent to navigate these trends.
