The Market Update for April, 2008, for the Lehigh Valley just came out and it is showing some improvement in the real estate market.
Home sales were up in April, 2008, by approximately 11.7%, from 444 sales in March, 2008, up to 496 in April.
The average sale price of a home was recorded at $229,000 for April 2008, where in March, 2008, it was $208,000. That is an increase of 10.1% from the previous month. Even new construction saw an increase. The average sale price of a 4 bedroom, 2 1/2 bath new home was $469,000 in April where as in March it was $418,000.
The average days on the market for a home in April, 2008, was 67 days, down from 73 days in March of 2008.
All in all, it looks like the market has taken a turn for the better in April, 2008.
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