The real estate figures for June 2009 have just come out for the Lehigh Valley, Pennsylvania, and they are looking great!
The number of sales for June 2009 increased by 33.3%, from 442 sales in May 2009 up to 589 sales.
The average sales price rose by 8%. The average price recorded for June 2009 was $218,000 where in May 2009 the average price was $202,000.
The average time on the market for a home decreased. During June 2009 the average market time was 81 days as compared to 83 days in May 2009.
Based on 6 new construction properties sold during the month of June, the average sales price for a new home, consisting of 4 bedrooms and 2 1/2 baths, was $370,000, down from the average price of $464,000 in May 2009.
June Sales Distribution
Sale Price Number of Sales
under $70,000 27
$70,001 - $100,000 36
$100,001 - $150,000 98
$150,001 - $200,000 145
$200,001 - $250,000 113
$250,001 - $300,000 69
$300,001 - $350,000 45
$350,001 - $400,000 16
$400,001 - $450,000 18
$450,001 - $500,000 7
$500,001 - $600,000 10
$600,001 - $700,000 1
$700,001 - $800,000 2
$800,001 and above 2
Looks like the market is picking up in the Lehigh Valley, Pennsylvania.
