TREND, has published data about the Chester County Market History- comparing the housing market from March 2012 vs March 2013.
Trend shows that there is a significant increase in Pending and Settled Units and a significant decrease in Total Inventory, leading to a 7.1% rise in Median Price and a 9.5% rise in Average Price.
Buyers are busy and are looking to purchase homes. In March, Chester County reported the highest number of online showing appointments since TREND began collecting the data. There was a 31% increase in appointments over last month, with appointments in homes priced over $500K increasing by 57%.
March 2012 – Single Family inventory was 3,389 units, with 351 settled units at a median price of $280,000, where the settled price was 91.4% of the original listed price.
March 2013- Single Family inventory was 2,741 units, with 371 settled units at a median price of $300,000, where the settled price was 93.5% of the original listed price.