Thursday, June 14, 2012

Chester County home values May 2012

Single-FamilyMay '11May '12
Settled Units352461
Median Price$299,000$296,000
Stl Price/Orig Price91.7%92.9%

The continued dropping of inventory levels is a very positive sign.  The settled units are very high due to the busy months of February and March when pended units were high.  While the sales have increased, prices have mostly been stable in our area.  Even if buyers are excited and may offer more to snag a home they love, the appraisals do not come in at purchase price since  the comps do not support those prices.  

More home values in the Downingtown, Chester Springs, Exton and other areas of Chester County.   
For more details on local home values, please contact Bela Vora.

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