Here’s the statistics for the month of April, 2008.

As you can see, the sold units went up a bit and days on market came down significantly. I think the days on market was affected, somewhat, by homes being withdrawn and re-listed.  Effectively “resetting” the days on market.  The sold median and average price in West Chester also came down a bit.  The number of for sales increased as did the number of homes under contract.  The new median price for newly listed homes did go up. 

Currently the absorption rate for West Chester is around 7 months of inventory. 

This data is for both West Chester zip codes (19380, 19382).

(DISCLAIMER: As always, data provided is from Trend MLS ©2008 and is accurate, but not guaranteed.)