Residential Real Estate Statistics for Montgomery County, PA:
January - May 2008 3003 Units Sold Avg Sale $317,813
January - May 2007 3766 Units Sold Avg Sale $328,171
January - May 2006 4039 Units Sold Avg Sale $329,178
January - May 2005 3920 Units Sold Avg Sale $301,858
January - May 2004 3885 Units Sold Avg Sale $272,978
We have to wait to see the year end results for 2008 to make a conclusion on appreciation/depreciation in my opinion. Here is an example why:
End results for 2005 were as follows - 11,682 Units Sold & $324,326 Avg Sale Price. Look at the difference between the first 5 months of 2005 listed above & the end result.
Jordan Mariano, ABR, www.jordanmariano.com, jmariano@weichert.com, 215.896.0104, 215.643.7776 x182
Source: The above statistics were provided by Trend MLS on June 2, 2008.
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