Welcome to the month of November. Thanksgiving is right around the corner. October was a very interesting month on many fronts. The lead up to this months election and the market turmoil did have an effect on the real estate market. While nothing fundamentally changed in this area, many people were [...]

Here’s the statistics for West Chester for September, 2008.
 
As you can see the numbers compared to last month are down, which is in line with the Chester County as a whole. Units sold were down, but interestingly enough, its the exact same number as September, 2007. The number of for sale listings are [...]

Here’s the Downingtown statistics for July, 2008:

Downingtown Average vs Median for July 2008 - docstoc.com
As I did the other day, I’m using the updated graphs and statistics tools. As you can see on the two pages in the chart, both median and average price went down from June to July. As is typical [...]

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 [...]

Here’s the statistics for May, 2008 in Downingtown, PA:
As you can see the sold median and average price both went lower from April to May this year.  More people decided it was time for them to sell as the new listings rose, though compared to last year same time it was about the same number.  [...]