As expected and explained in this post about Chester County June statistics, I thought the number of under contract listings at the time of posting was high. In short, they were. The number of under contract listings was not over 900, rather it matched the May, 2009 number, at 512 properties under contract. Days on market also went down versus up and I made sure any other numbers were fixed, as well.
What does that do to the absorption rate? It keeps it the same as May (7.8) to 7.7 months of inventory.
Look for a series this week where I’ll break down Chester County across price ranges. Starting on Monday with the Less than 200K housing market.
Related posts:
- Chester County Statistics (a break down) – Less than $200K
- Chester County Statistics (a break down) – $200 to $400K
- Chester County Statistics (a break down) – ($600 to $800K)
- Chester County Real Estate Market 2008 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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