During the month of May 2010 565 sales were reported, up about 9.1% from April 2010 at 518. (Note: That's without the tax credit incentive.)
The Average Sales Price for May 2010 was recorded at $192,000, down approximately 3.5% from April 2010 when the average sales price of the month was recorded at $199,000. The Average Sales Price is obtained by dividing the number of sales into the total sale dollars.
The Median Sales Price for May 2010 was recorded at $175,000, which was a decrease compared to April 2010 with a median price of $178,000. The Median Price 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 May 2010 was 76 days, which is a decrease compared to April 2010 at 79 days.
For newly constructed homes with 4 bedrooms and 2 1/2 baths the average sale price is $370,000 while in April 2010 the average sale price was recorded at $392,000. The Median Price for new construction for May 2010 is $375,000 while in April 2010 was recorded at $390,000.
May Sales Distribution
Sale Price Number of Sales
under $70,000 43
$70,001 - $100,000 38
$100,001 - $150,000 131
$150,001 - $200,000 144
$200,001 - $250,000 85
$250,001 - $300,000 52
$300,001 - $350,000 34
$350,001 - $400,000 24
$400,001 - $450,000 3
$450,001 - $500,000 4
$500,001 - $600,000 4
$600,001 - $700,000 1
$700,001 - $800,000 1
$800,001 and above 1
Brigita McKelvie, REALTOR
Pennsylvania License #RS297130
Residential, Rural and Horse Properties and Farms
Cindy Stys Equestrian & Country Properties, Ltd.
