Here’s the chart for Malvern and Paoli statistics, May 2008:
As you can see from the chart things are holding fairly steady in the Malvern/Paoli area. Sold numbers were about the same, as well as the sold days on market. The number of listings for sale also stayed steady, while the under contract listings went down. This had the unfortunate effect of raising the absortion rate from 6 to 8.5 months of inventory. The average price of the new listings was almost identical (~$150 dollar difference).
The average price for sold listings did go down, while the median price jumped up. While the month to month median went up, it also was up from a year ago ($417,500 for May, 2007). Everything else stayed fairly steady compared to last year as well, with most changes being less than 5% up or down.
As always, if you’d like a customized analysis you can always contact me.
DISCLAIMER: The numbers shown here are from ©TrendMLS 2008. They are deemed accurate but not guaranteed at the time of publishing.
Related posts:
- Malvern and Paoli statistics for June, 2008
- Malvern/Paoli Statistics for April 2009
- Market Statistics for Malvern/Paoli in July 2009
- Mid-Year Check for June 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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