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%
Tags: 19380, Market Statistics, Market Stats, Statistics, West Chester
