The Lehigh Valley Market Update - The Year in Review
Comparison of Activity from October 2009 to October 2010
The number of sales during October 2010 decreased by 33.3% with 358 sales reported as compared to 537 in October 2009.
The Average Sales price for October 2010 was recorded at $201,000, which is an increase of 5.8%compared to October 2009 when the Average Sales price of the month was recorded at $190,000. The Average Sales price is obtained by dividing the number of sales into the total sales dollars.
The Median Sales Price for October 2010 was recorded at $176,000, which is an increase compared to October 2009 with a Median of $173,000. 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 time on the market for properties sold during October 2010 was 81 days, which is an increase compared to October 2009 at 78 days.
The average sale price compared to list price for residential properties sold during the month of October 2010 is 96%, which remained the same as compared to October 2009 at 96%.
Brigita McKelvie, REALTOR
Pennsylvania License #RS297130
Residential, Rural and Horse Properties and Farms
Cindy Stys Equestrian & Country Properties, Ltd.
The Premier Equine and Country Realty Firm covering Eastern Pennsylvania from back yard to world-class facilities.