Chester County Stats – June 2008 Mid-Month Check

by John Lauber on June 23, 2008

Average sold chart June 2008

As we passed the midpoint of June (Happy Summer), I realized it’s time to get the pulse on this month’s activity for Chester County.

So far this month, there have been 310 units sold. There are 697 new listings and 240 units have gone pending (under contract). The average days on market has decreased from 78 days to 68 days compared to last month, and the average sold price has gone up, so far, from about $356700 to about $415,300. The average listing price is about the same at $462,000.

As of today, June 23, 2008, there are 4104 units currently listed with an absorption rate (months of inventory) of approximately 9. This data was for residential units throughout Chester County across all price ranges. The bottom sold price being $20,000 and the high being $9,000,000. The average sold price so far is about $380,000.

If you’d like a personalized analysis of your township, neighborhood, etc., feel free to contact me.

The grid above gives an up-to-date chart of the average sold price from June, 2007 to today, June 23, 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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{ 2 comments… read them below or add one }

rickbeley June 23, 2008 at 3:32 pm: These statistics seem promising no? Whats your editorial take on the market in chester county?

Thanks for the post!
John Lauber June 24, 2008 at 1:33 pm: Thanks for the comment Rick. I would agree that things are looking good for Chester County and that as a whole we’ve seen the normal ebb and flow of home sales, with no significant trends up or down. 9 months of inventory is just above what you would call a “normal” market, but that number has fluctuated up and down as well. We’re going to see that, but we still have a good market to buy or sell, if it’s priced right.