Housing Market Report for Existing Homes -- Dec 2008

5-County Southeastern Pennsylvania Area

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    NEWSLETTERS

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    Beautiful spacious six-bedroom home, centrally located in a quiet Cheshire community. In today's buyer's market, you would think a home like that would have no trouble drawing attention. At least that's what owner Marty Tyrrel thought.

    Housing Market Report for Existing Homes- December 2008
    5-County Southeastern Pennsylvania area
    Source:  Prudential Fox & Roach HomExpert Market Report
     
    The five-county Southeastern Pennsylvania area saw:

    Median Sale Price
    DOWN 5.7% from Dec ’08 to Dec ’07

    • $207,500 in December 2008
    • $220,000 in December 2007
    • $212,000 in November 2008
    • $220,000 in December 2006

    Homes Sold
    DOWN 22.5% from Dec ’08 to Dec ’07
    • 2,279 in December 2008
    • 2,929 in December 2007
    • 3,702 in December 2006
    • 2,222 in November 2008

    Days on Market
    UP 14.7% from Dec ’08 to Dec ’07
    • Average 80 days in December 2008
    • Average 70 days in December 2007
    • Average 63 days in December 2006
    • Average 76 days in November 2008

    Inventory of Homes for Sales
    DOWN 4.1% from Dec ’08 to Dec ’07
    • 30,699 in December 2008
    • 32,654 in December 2007
    • 32,006 in December 2006