Well, here we are into February. Time for statistics for Chester County for January.
As you can see prices are the same if not slight less compared to same time last year. The days on market has increased slightly for sold properties and under contract listings. The number of solds definitely dropped from December to January, but that was due to a slower October and November for homes under contract (under contracts leads to sold). While the number of solds were down the number of under contract listings did increase from December to January. Inventory and the number of new listings, compared to last year, have lowered and along with the increase in undercontracts the absorption rate for Chester County went down to October, 2008 numbers with 13.9 months of inventory. That’s the 3 straight month of lower month’s supply of inventory which means there are homes getting under contract and sold.
Want more numbers to look at and make your own conclusions? See the charts below:
Average vs Median
January 2009 Average vs Median Price – Get more Business Documents
Supply vs Demand
January 2009 Supply vs Demand – Get more Business Documents
Sales Rate
January 2009 Sales Rate – Get more Business Documents
Interested in charts like this for your area (zip code, township, school district, etc.)? Then feel free to Contact Me. I’ll be happy to pass them along.
Related posts:
- Downingtown Statistics for January 2009
- Chester County Statistics for October, 2008
- Chester County Statistics for June 2009
- Chester County Statistics for September, 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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