The next level in our series by price gets a little wider. As we up in the price ranges we start to see larger swings. So the next range for Chester County is the $1M to $1.5M price range.
Here’s the chart:
The numbers here tend to stay in the lower end of the range, i.e. less than $1.3M. The number of homes for sale tend to stay around the same, as well. The number of under contract listings went up the last 2 months and days on market lowered significantly.
So what has this done to absorption rates in this price range? It’s lowered to 19.1 months of inventory. That’s the lowest it’s been in a year and much less than the average for the year at 45 months of inventory.
See the charts below for more detailed information and to make your own conclusions about this market range:
Related posts:
- Chester County Statistics (a break down) – $400K to $600K
- Chester County Statistics (a break down) – $200 to $400K
- Chester County Statistics (a break down) – Less than $200K
- Chester County Statistics (a break down) – ($600 to $800K)
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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