The Chester County real estate “Spring Market” is definitely in full swing.  I’ve seen many more listings and sales go up on the office board and I’ve been getting more phone calls too. The final numbers are in for March and statistics confirm what most of us knew, that the market has slowed.  Here are the numbers for March in all of Chester County:

Here’s a different way to break down the numbers:

Units sold number is DOWN approximately 40%
The average sold price is also DOWN approximately 5%
The average days on market is UP approximately 14%

From February to March of this year the number of Units Sold has gone up 18% and 32% from January.

Homes are still selling . They may not be selling as quickly today (95 days) versus 2007 (74 days), but if it’s priced properly and shows well, it should sell more quickly.  This trend seems to be happening throughout the area and in other parts of the country, so be sure to get the latest numbers before you decide to move.

If you’d like to see what your home is worth, feel free to contact me.  I’ll be happy to come out and give you a free, no obligation, competative market analysis. 

(Information provided is © Copyright 2008 TREND MLS - All Information Deemed Reliable but Not Guaranteed.)