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Chester County Labor Market
In the first two months of the second quarter, 2,722 jobs were added to the payrolls of Chester County. As a result of these new jobs, the average monthly unemployment rates fell from 3.8% during the first quarter to 3.6% for April and May. The strong employment climate may help to create demand for home purchases. Favorable mortgage rates should augment this trend.
Chester County Housing Market
| Q1 08 | Q2 08 | Q3 2008 (Forecast) | |
| Average Price | $359,400 | $385,200 | Up |
| # Homes on the Market* | 4,162 | 5,939 | Same |
| " Homes Sold | 930 | 1,626 | Down |
| #New Homes Built ** | 324 | 285 | Down |
| Average # of Days on Market | 90 | 75 | Up |
* Available as of June 30 2008
** During the first two months of 2nd quarter
This information has been reprinted from the Economic and Market Watch Report with permission from TREND.
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