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% |
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