Home Prices in Lower Merion PA for May 2013
Real estate market data for Lower Merion, PA is provided by David Brandschain of Long & Foster.
Lower Merion Home Prices
The average price of settled homes in Lower Merion are increasing at a significant rate. At the same time we have seen listing prices fluctuate significantly, as, we examine home prices in Lower Merion PA. In some months, beginning in July, the average price of sold homes has exceeded the average listing price of homes. We expect prices to continue to increase substantially in 2013, as, the overall economy continues to improve. If you are considering buying a home, now would be a good time, as the number of available homes is beginning to shrink. The decline in supply will place additional upward pressure on prices. So if you have been searching for the bottom in Lower Merion, that point was reached in October. 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.
Lower Merion Real Estate Report Summary
The average price per square foot for listings in this area is $223.
The median sales price in Januarty for single family homes was $425,000.
Find Homes for Sale in Lower Merion PA
Visit my website to search for homes in Lower Merion PA or to be notified when Lower Merion homes come on the market.
To find out what your home is worth in the current market email me or call 484-388-1802.