Thursday, June 27, 2013

Chester County Real Estate Statistics - June 2013

More verification of the great news in the world of  real estate!

Specifically for Chester county PA - check out the numbers for June 2013.

Chester County 

Average Price:  $352K, an increase of almost 7% over MAY-2012
Dollar Volume more than $218 million in closed properties, the best May since 2007 – an increase of 35% compared to MAY-2012
Unit Sales more than 600 closed properties, the best May since 2006 – an increase of almost 27% compared to MAY-2012
Pending Sales:  almost 650 units, more than 40% above MAY-2012
Days on Market70 DOM per closed property, almost a 28% drop from 97 DOM in MAY-2012
Inventory (Annualized Absorption Rate):  dropped to 5.5 months from MAY-2013, and it remains almost three months below MAY-2012; 

Statistics courtesy of Charles V.Cosgrove, Jr.
Owner/Director, Mr. Chips School of Real Estate (RE-001036)

Bela VoraREALTOR®, 
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
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