School has started again (can I get a yeah from the parents) and it’s time for real estate statistics for August, 2009 in Chester County.
Here’s the latest chart:
As you can see, August was a little slower than July. August is generally slow, typically, due to everyone trying to get their vacations in before the school year started. Under contract listings (our future sold properties) went down as did the number of sold properties. Though looking at the last 3 months, we’ve stayed fairly consistent with sold numbers. Both sold and median prices have also remained steady. The average price for 2009 is around $340,000. See the charts below for more numbers.
The number new listings have also dropped and is down 14% over the last two years (ending August). Residual inventory did is up in the same time about 5%. So what has this done to the absorption rate? Well, it did go up to about 10 months of inventory from 8.5 months. It’s a typical trend for this time frame.
Feel free to contact me if you would like this information for your area. I’ll be happy to pass them along.
For more detailed information and to make your own conclusions see the charts:
Related posts:
- Chester County Statistics for September 2009
- Chester County Statistics for August 2008
- Chester County Statistics for January 2009
- 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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