June 2009 Market Statistics Update for Downingtown, PA 19335
Interpretation for the update for Downingtown, PA 19335: While activity has decreased significantly, prices have yet to see any significant hit. That is changing. 2009 is showing that prices will see a decent decline, but activity is showing some signs of improvement.
Here are some Highlights:
- number of solds over May increased 81%, which is a fantastic increase
- Dollar figure for settled homes decreased in the Downingtown School District by 18.3% from the same month a year ago. That is 6% more than the average in Chester County
- the number of actual solds also decreased 9% from June of last year.
- The only bright spot in Downingtown’s figures is the number of pending sales, which increased 12% compared to the average in Chester county of 3.7%.
Here are the details:
June 2009
May 2009
% Ch
June 2008
% Ch
Avg DOM
78
95
-18%
70
+11%
Orig. List $
$422,042
$449,146
-6.1%
$535,960
-22%
Sold List $
$368,577
$361,987
+1.9%
$428,347
-16.3%
Avg Settled $
$344,444
$338,098
+1.7%
$407,176
-18.3%
List To Sale Ratio
93.4%
93.4%
–
95%
-2%
# Pending
75
80
-6.5%
66
+12%
# Sold
98
54
+81%
107
-9%
