Chester County - 2nd Quarter Market Statistics

By
Real Estate Agent with The Jessica Miller Team - Keller Williams Real Estate
Buyer's Market 1 2 3 4 5 Seller's Market

Chester County Labor Market

In the first two months of the second quarter, 2,722 jobs were added to the payrolls of Chester County.  As a result of these new jobs, the average monthly unemployment rates fell from 3.8% during the first quarter to 3.6% for April and May.  The strong employment climate may help to create demand for home purchases.   Favorable mortgage rates should augment this trend.

Chester County Housing Market

Q1 08 Q2 08 Q3 2008 (Forecast)
Average Price $359,400 $385,200 Up
# Homes on the Market* 4,162 5,939 Same
" Homes Sold 930 1,626 Down
#New Homes Built ** 324 285 Down
Average # of Days on Market 90 75 Up

* Available as of June 30 2008
** During the first two months of 2nd quarter

This information has been reprinted from the Economic and Market Watch Report with permission from TREND.

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