Chester County and Suburban Philadelphia Summer market update
By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Summer 2022 Main Line Real Estate Market UpdateGiving you the confidence to make the right decision Take a look at The Chester County Monthly Statistics. Median home values have risen by almost 15%, inventory available has increased slightly. This is a great example of what we see happening across our neighboring local counties, Montgomery and Delaware Counties too. Let me know if you want to see your local information. The market is cooling off after being incredibly hot for almost two years When you look at the same week last year: - Closed cases were down 22%, Pending sales were down 23%, Days on market is up by three days, New listings are down 22%, Showing activity is down 27%, Inventory is up 28%. 45% of the houses on the market in July in our footprint reduced their price If you...
Comments
11