Wow, time flies and here it is October. Welcome to the fourth quarter. Time to take a look at the September, 2008 real estate statistics for Chester County.
As you’ve probably read there was a bit of turmoil in the news last month (and it still continues this month) regarding the financial [...]

Welcome to September and the “unofficial” end of summer, as children head back to school and vacations come to an end.  With everyone trying to fit that last minute vacation into August, it’s fairly typical to see a slowing in the market during this month.  The following statistics for Chester County shows that clearly happened.
 
The [...]

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 Chester County statistics for June 2008:
 
While the number of solds went up in Chester County last month went up, the number of homes going under contract or pending has decreased. More sold listings are good, but the pending sales is our future sold’s. It’s “normal” for sales to lessen as we [...]

Here’s the Exton (19341 zip code) statistics for April, 2008 vs March, 2008.
 
Sold unit numbers for Exton remained the same in April, as days on market went up. Which would explain the number of homes for sale in April rising. The more significant drop was the average sold price. The median price [...]

Welcome to May!
April is over.  Here’s the numbers as of today.

April 2008 Statistics

 
April 2008
March 2008
April 2007

Sold Units
455
360
491

Average DOM
80
96
74

Listed Units
1215
1175
1388

Sold Average $
378,124
366,787
372,333

As you can see, the number of units sold grew compared to March (and the rest of the first quarter).  While that’s good too see and somewhat expected in a spring market, the numbers are [...]