The Lehigh Valley Association of REALTORS just released the statistics for the Market Update for November 2009. There is great news!
The number of sales for November 2009 increased by 12.8% with 606 sales, up from 537 sales in October 2009.
The average sales price remained the same for November 2009 at $190,000 as compared to October 2009.
The median sales price fpr November 2009 was recorded at $175,000, which is an increase compared to October 2009 with a median price of $173,000.
The average market time for properties sold during November 2009 stayed the same as compared to October 2009 at 78 days.
New construction also saw an increase in sales with 13 sold in November 2009 as compared to 10 in October 2009. The average sales price of newly constructed homes with 4 bedrooms and 2 1/2 baths is $354,000 in November 2009 down from $451,000 in October 2009. The median price of new construction in November 2009 is $368,000 where in October 2009 it was $410,000.
November Sales Distribution
Sale Price Number of Sales
under $70,000 38
$70,001 - $100,000 47
$100,001 - $150,000 145
$150,001 - $200,000 153
$200,001 - $250,000 107
$250,001 - $300,000 61
$300,001 - $350,000 24
$350,001 - $400,000 16
$400,001 - $450,000 10
$450,001 - $500,000 3
$500,001 - $600,000 1
$600,001 - $700,000 1
$700,001 - $800,000 0
$800,001 and above 0
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