Home Prices in Ardmore PA for May 2013
Real estate market data for Ardmore, PA is provided by David Brandschain of Long and Foster Real Estate.
Ardmore Home Prices
The price of homes in Ardmore continue to increase at a greater rate than any community on the Main Line. As, we examine home prices in Ardmore PA, in November the average price of sold homes began to exceed the average listing price of homes. This spread has increased dramatically. We expect prices to continue to increase substantially in 2013, as, the overall economy continues to improve and there are more first time buyer homes available in this market. If you are considering buying a home, now would be a good time, as the number of available homes is beginning to shrink. This decrease in supply will place additional upward pressure on prices. So if you have been searching for the bottom in Ardmore, that point was reached this past January. To make sure that you properly navigate this changing market, you'll want an agent that does a thorough market analysis of the home you are making an offer on. And remember, it is now quite common for fairly priced homes to receive multiple offers.
Ardmore Real Estate Report Summary
The average price per square foot for listings in this area is $187.
The median sales price in February for single family homes was $365,000. The average sales price decreased by 18% from the previous month.
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