Here’s the Chester County statistics for July 2008:
 
We’re definitely seeing the “summer slowdown” at this point.  As you can see from the chart, the number of listings under contract went down, again.   Numbers across the board have been holding fairly steady and look about the same from last year’s numbers.  The median sold price did [...]

Yesterday, President Bush signed the Housing and Economic Recovery Act of 2008. The bill is an effort to help reduce foreclosures and revitalize the housing market.  While some of the provisions won’t take effect until the 4th quarter (or until the current Economic Stimulus package ends on Dec. 31, 2008), some the items take [...]

Well between a morning settlement and afternoon meetings, I was able to see a few homes today for Tuesday’s tour.
The first home was just of off Ellis Ln at 314 Box Elder Drive in West Chester, PA offered at $429,900. Homes in this older development (about 32 years) tend to go a bit faster [...]

Back on the road again for Tuesday’s Tour today.  The three I had the time to visit today were all in the West Chester area.
The first house has an end of the cul-de-sac location at 1631 Still Ln in West Chester, 19380.  This home is surrounded by mature trees, has an inground pool and large [...]

Here’s the Malvern and Paoli statistics for June, 2008:
 
Just like last month, May, the June numbers are holding steady, if not improving, in the Malvern/Paoli area. Sold numbers were up for the month, while days on market continued to drop. The number of listings for sale continues about the same, while the homes [...]

Here’s the breakdown for June 2008 in Downingtown, PA.
 
As you can see, the median and average prices went up while days on market dropped.  However, that was for units sold and as you see homes under contract have gone down while days on market for those homes have risen.  While inventory is about the same [...]