The housing market in Delaware County...
• The number of units listed for sale decreased 8.8% over the number of units listed in July '09 and is down 3.7% over the number of homes listed in August ‘08.
• The Average list price is DOWN 2.3% over July 2009 list price and is down just a smidge 0.8% over August 2008 average list price.
• The Average SOLDprice is down 7.5% over July 2009 which is the first decrease in 4 months. The year over year increase in the SOLD price, this year, August 2009 compared to August 2008: the SOLD Price is down 8.8%.
• The Average Days on Market decreased to 77 days, a 12.5% decrease over last month's 88 days on market average.
• August showed 501 homes sold in Delaware County over the 554 homes sold in July 2009, a decrease of 9.6%.
School's back in session and that typically means that the housing stats fall off a little. The national news has been a little better and Delaware County as a whole is still a good market with less than double digit losses (and/or gains) in most of the important categories. I am still standing behind my feelings that we will continue to see a rise in the homes sold in Delaware County simply because of the first time home buyers tax credit. But note, in my opinion, this infusion into to the housing market may be giving off some false hope to a total housing rebound.
Don't forget... You must identify and settle on your new home BEFORE DECEMBER 1, 2009 to be eligible. And since the home buying process does not happen overnight you better be in the game NOW to have a shot with this program. This means we are approaching the time for first time home buyers to step up and buy their first home or lose that precious tax credit!
Life happens and so real estate, whether high or low, will continue to sell. It's all just part of how you look at it. - DJ
*statistics derived from TrendMLS provider of multiple listing services to the real estate community of Delaware County and many other surrounding counties
 |
|
|
David Joslin is a Media PA based Real Estate Broker serving the needs of Home Sellers, Buyers and Investors throughout Delaware and Chester County Pennsylvania.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
