Market Update
Chris’s Assessment
First, let me point out something that is somewhat obvious… I have changed my charts a bit, hopefully for the better. I’d love your opinion! I changed them to make them simpler. Now what you are looking at is the line for the current year, last year, and then the 5 year trend line. [...]
Continue reading about Chester County Real Estate Statistics: February 2010
Overview
Statistics by School Districts
Chris’s Assessment:
SELLERS: As noted last month, the inventory has taken a dramatic dive due to the tax credit. This means there is less competition. We are about to enter into the spring market, so inventory will begin to increase again. But, the extended/expanded tax credit will be pushing people to look for [...]
Continue reading about Chester County Real Estate Statistics: January 2010
Chris’s Assessment
Supply and Demand are the key indicators for where a market is going. Consequently, those are the numbers I am always keeping an eye on to help me understand exactly what the market is doing. That is also why I name two of the key graphs Supply and Demand. After compiling the latest numbers [...]
Continue reading about Chester County Real Estate Statistics – December 2009
Market Summary Report:
Chris’s Assessment:
The Tax Credit Factor: Bottom line – the tax credit “worked”. When you look at October and November numbers, it is very clear that many buyers were draw to taking action in Chester County because of the Home Buyer Tax Credit. This is apparent when looking at several factors. First is percentage [...]
Continue reading about Chester County Real Estate Statistics – November 2009
Note to readers: I post my stats later than other real estate companies and agents because I want the most accurate numbers available…and this makes them worth waiting for! Other agents simply copy and paste graphs that they get from other sources and offer no opinions to the marketplace conditions. I track data in [...]
Continue reading about Chester County Real Estate Statistics for October 2009
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Continue reading about (VIDEO) This Month in Real Estate – October 2009
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Continue reading about (VIDEO) This Month in Real Estate – September 2009
The month of August took a bit of a beating, but that is to be expected. The month of August for real estate is one that is typically slow. Many people are squeezing their last minute vacations in before the school year starts and they are not focused on real estate. When put into perspective, [...]
Continue reading about Chester County Market Statistics for August 2009
Highlights:
Mortgage rates down from 6.5% last year at this time to 5.25%
Affordability index down to 16%
Homes sales up a whopping 17% from last month
Home prices up another 3.6%
Buyer mortgage tips on making the most of this Buyers market
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Continue reading about This month in Real Estate – August 2009
Median Home price rose 3.8% in April and May
This is the largest monthly increase in over a year
Number of homes sold also rose 2.4%
Tips on getting the most money for your house from HGTV personality Kendra Todd
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Continue reading about This Month In Real Estate – July 2009
