Here’s the real estate numbers for the Malvern and Paoli zip codes:
The number of properties sold from month to month has remained consistent for the first quarter of 2009 in Malvern and Paoli, PA. The average and median price of the sold properties continue to bounce up and down with an uptick in both from 2 years ago and even compared to last year. Having said that, however, the number of sold properties and properties under contract are down around 50 percent over the last 2 years. The number of new listings are also down, as those people who NEED to move are listing their properties rather than just listing to list.
Under contract and sold properties remained about same versus March, while residual inventory climbed a bit. And what did this do to the absorption rate? Well, it rose from around 9 to just about 12 months of inventory. That number continues to fluctuate from month to month with no real consistency.
Would you like market statistics for your area? Feel free to contact me and I’ll send it along ASAP.
For more numbers from the Malvern/Paoli area, see the full 2 year charts below.
Related posts:
- Market Statistics for Malvern/Paoli in July 2009
- Malvern and Paoli Statistics – May, 2008
- Malvern and Paoli statistics for June, 2008
- Chester County Statistics for April, 2009
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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