Here’s the Exton (19341 zip code) statistics for April, 2008 vs March, 2008.

Sold unit numbers for Exton remained the same in April, as days on market went up. Which would explain the number of homes for sale in April rising. The more significant drop was the average sold price. The median price of sold homes did rise.

Like the units sold, the units under contract stayed the same at 18. The days on market went up slightly (6 days). New listings went down and so did the median price for new listings, and like the average sold price, fairly significantly. I can only surmise that most of the new listings were towards the lower ranges (under $400K) to cause such as drop.

Currently, the absorption rate for Exton is pretty “normal” with around 5 months of inventory.

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

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