West Chester Pa Real Estate Market Report-July 2008

West Chester Pa Real Estate Market Update~July 2008

The real estate Market Report for West Chester Pa, West Goshen Township Pennsylvania shows a market that’s on the upswing, especially in the Median Sold Price range of the mid-threes - $325,500 in July of 2007 and $357,500 in July of 2008 and an overall drop in the number of Days On Market*. Absorption Rate and Months Supply

Absorption Rate and Months Supply of Inventory:

Months Supply of Inventory - July 2007 = 4.5 months; July 2008 5.2 months
Days On the Market - July 2007 = 49 DOM; July 2008 = 61 DOM
New Listings - July 2007 = 38; July 2008 = 36
Residual Inventory - July 2007 = 63; July 2008 = 74
Under Contract - July 2007 = 21; July 2008 = 21

See www.MainLinePaToday for more about the Absorption Rated, Months Supply of Inventory and Median Sold prices for West Chester, Pa as of July 2008:

West Chester Pa Real Estate Market Report-July 2008