Number 5 in this series is about homes sales in Chester County, PA between $800K to $1M. First the summary of where we’ve been.
As can be seen, the numbers from a price standpoint are not down, compared to last year. As a matter of fact, they are up. But, looking at the month by month (below) you can see that the numbers have really stayed about the same. That’s about where the “positivity” ends. The number of under contract and sold listings are definitely down in this price range. The numbers have been all over the place really.
The absorption rate as of June, 2009 is 15.5 months of inventory. That’s one of the lowest months in the last year. The average for the year is around 26 months of inventory, so it is lower and after March, 2009 where that number rose to 89.5 months of inventory (2 under contract listings), things have been more positive over the past 3 months.
See the charts below for more information.
Related posts:
- Chester County Statistics (a break down) – ($600 to $800K)
- Chester County Statistics (a break down) – $200 to $400K
- Chester County Statistics (a break down) – $400K to $600K
- Chester County Statistics (a break down) – $1M to $1.5M
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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