The Lehigh Valley Market Update - The Year in Review

Comparison of Activity from June 2009 to June 2010

The number of sales during June 2010 increased by 13.8% with 670 sales reported as compared to 589 in June 2009.

The Average Sales price for June 2010 was recorded at $211,000, down approximately 3.2% from June 2009 when the Average Sales price of the month was recorded at $218,000.  The Average Sales price is obtained by dividing the number of sales into the total sales dollars.

The Median Sales Price for June 2010 was recorded at $191,000, which is a decraese compared to June 2009 with a medain of $196,000.  The Median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

The average time on the market for properties sold during June 2010 was 75 days, which is a decrease compared to June 2009 at 81 days.

The average sale price compared to list price for residential properties sold during the month of June 2010 is 97%, which is an increase compared to June 2009 at 96%.

Brigita McKelvie, REALTOR

Pennsylvania License #RS297130

Residential, Rural and Horse Properties and Farms

Cindy Stys Equestrian & Country Properties, Ltd.

The Premier Equine & Country Realty Firm covering Eastern Pennsylvania from back yard to world-class facilities.