As of this November 22, 2009

What do these statistics mean?

  • Inventory Units = Total homes for sale in Chester County, PA
  • Average Sold/Month = Average number of homes sold over a 12 month period in Chester County, PA per month in the corresponding price range
  • Months of Inventory = Inventory Units divided by Average Sold/Month

When Months of Inventory is greater than 6, it’s a buyer’s market.

When Months of Inventory is between 3 and 6, it is a neutral market.

When Months of Inventory is less than 3, it’s a seller’s market.

Price Range Inventory
Units		 Average Sold / Month Months of Inventory
$0 – $200K 484 80.58 6.0
$200K – $300K 805 133.58 6.0
$300K – $400K 743 78.67 9.4
$400K – $500K 475 43.50 10.9
$500K – $600K 247 20.42 12.1
$600K – $800K 302 15.00 20.1
$800K – $1M 174 5.25 33.1
$1M – $1.25M 74 2.42 30.6
$1.25M – $1.50M 74 1.50 49.3
$1.50M – $2.00M 71 1.25 56.8
$2.00M + 70 0.33 210.0
       
Total 3519 382.50 9.2

© 2009, Joe Sheehan. All rights reserved.