| Single-Family | Nov. '11 | Nov. '12 |
|---|---|---|
| Inventory | 3,521 | 2,894 |
| Settled Units | 318 | 442 |
| Median Price | $313,000 | $295,000 |
| Stl Price/Orig Price | 90.9% | 92.0% |
Significantly high settled units (almost 40%) and what a drop in inventory! Overall, Chester county has 5.3 months of inventory, a drop of 2.5 months below November 2011. Do we see a slight increase in house prices? Do not need any more proof, numbers certainly show that the real estate market has bottomed out in Chester county.
What does this mean for home sellers? No need to wait until Spring to list your homes, do it now. Many advantages to listing your home for sale during the holiday season. For buyers, if you can find THE house, do not procrastinate, take advantage of the incredibly low interest rates.
More statistics for Chester county
Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Pretty insightful post.
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