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Lehigh Valley, Pennsylvania Market Update for November 2010
 
Lehigh Valley, Pennsylvania Market Update - The Month of November 2010 in Review
 

Comparison of Activity from October 2010 to November 2010
 
During November 2010, 361 sales were reported, which is a 1% increase as compared to October 2010 at 358.
 
The Average Sales Price for November 2010 was recorded at $200,000, down approximately .5% from October 2010 when the Average Sales Price of the month was recorded at $201,000.  The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.
 
The Median Sales price for November 2010 was recorded at $173,000 which is a decrease compared to October 2010 with a Median of $176,000.  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 Market Time for properties sold during November 2010 was 89 days, which is an increase compared to October 2010 at 81 days.
 
For newly constructed Homes with 4 bedrooms and 2 1/2 baths the Average Sale Price was $390,000 and the Median Sale Price was $393,000.  6 new construction properties were sold during the month of November.  During the month of October 2010 the Average Sale Price was recorded at $318,000 and the Median was ... more

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