The figures for the Lehigh Valley market update have come out for July 2009. Here are the statistics:
The number of sales during July 2009 were reported at 586, down approximately 1/2% from June 2009 at 589.
The average sales price for July 2009 was recorded at $213,000, down about 2.3% from June 2009 when the average sales price was recorded at $218,000.
The median sales price for July 2009 was recorded at $190,000, which is a decrease compared to June 2009 with a median price of $196,000.
The average time on the market for properties sold during July 2009 was 77 days, which was a decrease compared to June 2009 at 81 days.
For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sales price is $338,000 in July 2009, a decrease from the month of June 2009 of $370,000. The median price for July 2009 on new construction is $350,000, an increase from $329,000 in June 2009.
July Sales distribution:
Sale Price Number of Sales
under $70,000 35
$70,001 - $100,000 33
$100,001 - $150,000 107
$150,001 - $200,000 144
$200,001 - $250,000 100
$250,001 - $300,000 69
$300,001 - $350,000 39
$350,001 - $400,000 23
$400,001 - $450,000 15
$450,001 - $500,000 7
$500,001 - $600,000 10
$600,001 - $700,000 3
$700,001 - $800,000 0
$800,001 and above 1
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