Just a quick update of where Chester County is just after the midpoint of May.
So far, we’ve had 649 units listed this month. Conversely, there have been 172 units Sold and 172 have gone Pending.
How does the number of listings affect the inventory? There are currently 4067 active listings with an average price of around $528,491. The absorption rate for Chester County is now around 9 months of inventory.
Homes have sold from a low of $52,000 to a high of $2,350,000. The average sold price so far is $376,337.
Feel free to contact me, if you would like an update for your particular area.
Related posts:
- Chester County Stats – June 2008 Mid-Month Check
- Mid-Year Check for June 2008
- West Chester Statistics – May 2008
- Malvern and Paoli Statistics – May, 2008
Article by John Lauber
My name is John Lauber and I'm a Realtor in Chester County, PA. I love living and working in this area as there is so much to do here. If you have any questions feel free to contact me. I'm happy to help.
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