In February 2011, 12 Homes went to Settlement in the Owen j Roberts School District. This represents a decrease of 33% from 18 homes sold in January 2011. It is a year over year reduction of 20% from 12 homes sold in February 2010. Year to Date comparison indicates 33 homes sold from 1/1/10 to 2/28/10 compared to 30 homes for same YTD period in 2011, a 9% reduction year to date.
As of this November 29, 2009
What do these statistics mean?
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.
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Overall Inventory decrease of 39 units and an increase in sales of 36 units account for an overall improvement on inventory velocity by .2 months over last week. Net decrease in inventory in the 0-400K account for most of the improvement. My outlook for this range of inventory is positive but I expect the market to slow through the holiday season.
With the extension of the federal tax credit and weakness in prices I expect a moderate to strong spring market.
As of this November 22, 2009
What do these statistics mean?
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 |
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Joe Sheehan
Keller Williams Real Estate
100 Campbell Blvd
Exton, PA 19341
Office: (610) 363-4300
Mobile: (484) 948-0936
jsheehan@chestercountychronicles.com
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