January Real Estate Market Data

By
Real Estate Agent with Weichert Realtors

Ok.....statistics and numbers can be quite boring, but they do serve a purpose.  So let's see if we can present the latest stats in a useful way.  

Chester County first: 

                                                            January 2011               January 2010

Homes available for Sale                         3300                            3263                      

Homes that went pending                         304                              310

Absorption Rate                                        9.5 mos                        9 mos

        (Inventory Accumulation)

Homes that settled (sold)                         236                              218

Median Settled Price                             $300,000                     $322,000 

 

And now for Delaware County 

Homes available for Sale                         3335                            3028                      

Homes that went pending                         247                              323

Absorption Rate                                        9.6 mos                        7.7 mos

        (Inventory Accumulation)

Homes that settled (sold)                         199                              224

Median Settled Price                             $215,000                     $187,000 

 

Please remember that these are just numbers, intended to give a high-level overview of market conditions.  Also, they were compiled by our local MLS provider, I would personally calculate things a bit differently, but for consistency I thought it best to follow their lead. 

In future posts, we will take a closer look at some of these and delve into what (we think) they actually mean. 

Until then.....feel free to send any and all questions.....

 

Posted by

Jim Weeks

610-563-0062

talucciweeks@verizon.net

 Fax: 610-340-2364

 www.tw-realestate.com

 Weichert Realtors

A personal referral is the greatest compliment we can receive from you, and will be treated with the utmost respect and professionalism.

Comments (1)

Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Very detailed market report, I thank you for sharing with us. Good luck!

Feb 15, 2011 06:09 AM