Housing Market Report for Existing Homes — Dec 2008

Housing Market Report for Existing Homes- December 2008
5-County Southeastern Pennsylvania area
Source:  Prudential Fox & RoachHomExpert 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