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Schuylkill Real Estate Market Update: 1Q 2013
Schuylkill Real Estate Market Update: 1Q 2013
U.S. home prices posted their strongest gains since 2007. According to the S&P/Case-Shiller national index, prices rose 10.2% in the first quarter (report released 5/28/2013). Schuylkill County followed the national real estate trends.
Real estate sales in the first quarter of 2013 in Schuylkill County were up year-over-year, both in number of units sold and in total dollar volume. There were 176 residential units reported sold in 2013 versus 155 a year ago - that's a 14% increase in transactions and a 7% increase in dollar volume.
Average closed price in the first quarter of 2013 was $86,631 (a 7% increase from a year ago) and the median sales price was $69,900 (up a whopping 31%!). Those are not small numbers, and while we're still waiting for final May closings to hit the database, the trend did follow in April at least. April saw a solid 16% increase in number of closed sales compared to April of 2012.
We're still significantly down in number of sales from our peak years in 2006-2007. The first quarter of 2006 saw 274 residential transaction and 2007 had 267. From there the numbers dropped to ... more

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