June 2009 Real Estate Market Update for West Chester, PA 19380
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 2009
May 2009
% Ch
June 2008
% Ch
Avg DOM
79
95
-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 Ratio
93.3%
92.7%
+.5%
96.6%
-3.3%
# Pending
100
87
+15%
101
-1%
# Sold
111
74
14.8%
97
+14%
