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%
Tags: 19335, Downingtown, Market Statistics, Market Stats, Statistics
