It’s time for February, 2009 statistics for Chester County. Here’s the summary chart below.
Average and Median prices edged down as under contract and units sold increased from January, 2009. For a 2 year period the average price was down approximated 3% and the median price around 13% for SOLD properties. The number of properties for sale was slightly up from 2 years ago (4%), but down compared to last year same time. New listings have been down compared to the two prior years as those people needing to sell are generally the ones putting their home on the market. As I stated earlier, the under contract listings went up again which has helped the absorption rate (months of inventory) lower again from a high in November of 15.8 to last months number of around 12.3. Looking at the middle of this month (March) it looks like that number is continuing to go lower.
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 with no obligation.
Do you want more detail? Feel free to grab the charts and sheets below:
February 2009 Average vs Median for Chester County – Get more Business Documents
February 2009 Supply vs Demand for Chester County – Get more Business Documents
February 2009 Basic Absorption for Chester County – Get more Business Documents
Related posts:
- Chester County Statistics for January 2009
- Chester County Statistics for August 2009
- Chester County Statistics for September 2009
- Chester County Statistics – An Update
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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