Interpretation for the West Chester, PA 19380 real estate market update: June saw an increase in activity over May in both the number of pending sales and actual settled homes. Homes also took 20% less time to sell and received 12% more than the month before. Compared to the same month a year ago, not much changed terribly with the exception of how long homes took to sell (50% longer) and home many actually sold (14% more).

Here are some Highlights:

  • DOM changed from last month by 20% or 16 days
  • The average settled price in West Chester increased 12% to $376,066
  • DOM, when compared to last June, increased by 51%, from 52 to 79 days
  • Number of sold homes increased by 14% compared to June of 2008

Here are the details:

June 2009May 2009% ChJune 2008% Ch
Avg DOM7995-20%52+51%
Orig. List $$406,292$437,284-8%$410,126-1%
Sold List $$403,399$357,993+12%$393,595+2.5%
Avg Settled $$376,066$332,119+12%$380,545-1.1%
List To Sale Ratio93.3%92.7%+.5%96.6%-3.3%
# Pending10087+15%101-1%
# Sold1117414.8%97+14%

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