Here’s the real estate market statistics for the Malvern and Paoli zip codes ending July, 2009.
As you can see, the median and average price both went up from June and even compared to July 2008. The number of properties sold and the under contract has steadily risen since January, as well. The number of for sale properties has increased though that number has remained fairly steady and compared to the same time last year, has dropped. Days on market has been up and down with no consistent trend one up or down. I’m not really sure what to make of that, if anything. See the charts below for more numbers.
What does this mean for the absorption rate in Malvern/Paoli? Well, it’s in the single digit range of 7.9 months of inventory. That number has been up and down as well, though for 2009 it’s mostly been lower than 10 months. The cycle of winter tends higher, though 2008 was better than 2007. We’ll see this winter what happens here as we have seen increases in sales for the year.
More detail and charts can be found below so you can draw your own conclusions. If you want this for your area, or if you have questions regarding this information feel free to comment or contact me and I’ll answer you as quickly as possible.
Related posts:
- Malvern/Paoli Statistics for April 2009
- Malvern and Paoli Statistics – May, 2008
- Malvern and Paoli statistics for June, 2008
- Chester County Statistics for July 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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