Chester County Housing Market Data

There was an increase in total units sold in April, with 426 sold this month in Chester County Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 426 units or 10%. The total number of active inventory this April was 3,672 compared to 4,098 in April 2011. This month's total of 3,672 is higher than the previous month's total supply of available inventory of 3,430, an increase of 7%.

Last April, the median sale price for Chester County Homes was $278,320. This April, the median sale price was $267,500, a decrease of 4% or $10,820 compared to last year. The current median sold price is 1% lower than in March.

In April, there was 8.6 months of supply available in Chester County, compared to 13.4 in April 2011. That is a decrease of 36% versus a year ago.

This month there were 948 homes newly listed for sale in Chester County compared to 1,018 in April 2011, a decrease of 7%. There were 398 current contracts pending sale this April compared to 409 a year ago. The number of current contracts is 3% lower than last April.

In April, the average sale price in Chester County was 96.2% of the average list price, which is 1.9% higher than at this time last year.

This month, the average number of days on market was 98, lower than the average last year, which was 112, a decrease of 13%.




Focus On: Chester County Housing Market			April 2012
Units Sold 426	Active Inventory 3,672	Median Sale Price $267,500	Days On Market 98

Up Vs. Year Ago	Down -10% Vs. Year Ago	Down -4% Vs. Year Ago	Down -13% Vs. Year Ago

		Units Sold There was an increase in total units sold in April, with 426 sold this month in Chester County Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 426 units or 10%. The total number of active inventory this April was 3,672 compared to 4,098 in April 2011. This month's total of 3,672 is higher than the previous month's total supply of available inventory of 3,430, an increase of 7%.
		Median Sale Price Last April, the median sale price for Chester County Homes was $278,320. This April, the median sale price was $267,500, a decrease of 4% or $10,820 compared to last year. The current median sold price is 1% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 948	Current Contracts 398	Sold Vs. List Price 96.2%	Months of Supply 8.6

Down -7% Vs. Year Ago	Down -3% Vs. Year Ago	Up 2% Vs. Year Ago	Down -36% Vs. Year Ago

		Months of Supply In April, there was 8.6 months of supply available in Chester County, compared to 13.4 in April 2011. That is a decrease of 36% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 948 homes newly listed for sale in Chester County compared to 1,018 in April 2011, a decrease of 7%. There were 398 current contracts pending sale this April compared to 409 a year ago. The number of current contracts is 3% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Chester County was 96.2% of the average list price, which is 1.9% higher than at this time last year. Days on Market This month, the average number of days on market was 98, lower than the average last year, which was 112, a decrease of 13%.



*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
Information included in this report is based on data supplied by TReND and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TReND or Long & Foster Real Estate, Inc.