January Local Real Estate Market Update

If you are contemplating buying or selling a home, then you are probably wondering what the market is like. Below is a concise summary of the local market in both Chester and Delaware County. Do you have a specific township or neighborhood in mind? Contact us today and ask for our Market Snapshot of your desired area!


CHESTER COUNTY MARKET UPDATE:

The time to sell is now! In Chester County, the number of homes on the market have continued to decrease, which means there is little to no competition. Interestingly, the median and average home prices have increased! Compared to this time last year, homes are on average $28,000 more. The market is ready for your home, is your home ready?


DELAWARE COUNTY MARKET UPDATE:

The same goes for Delaware County. Inventory is dropping, dropping, dropping, while the average sales price for homes are $32,000 higher than last year. Don’t think you have to wait until the spring time to sell your home, now is a great time to sell!


Cite: The above statistics all brought to you by Suburban West Realtors Association: http://www.suburbanwestrealtors.com/industry-info-expertise/local-market-statistics/