Lehigh Valley, PA

The Lehigh Valley Market Update - The Year in Review

Comparison of Activity from June 2010 to June 2011

The number of sales during June 2011 decreased by 26% with 499 sales reported as compared to 670 in June 2010.

The Average Sales price for June 2011 was recorded at $200,000, which is a decrease of 5.2% compared to June 2010 when the Average Sales price of the month was recorded at $211,000. The Average Sales price is obtained by dividing the number of sales into the total sales dollars.

The Median Sales Price for June 2011 was recorded at $180,000, which is a decrease compared to June 2010 with a Median of $191,000. The Median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

The average time on the market for properties sold during June 2011 was 88 days, which is an increase compared to June 2010 at 75 days.

The average sale price compared to list price for residential properties sold during the month of June 2011 is 96%, which is a decrease compared to June 2010 at 97%.

Lehigh Valley, Pennsylvania Market Update - The Month of June 2011 in Review

Here's some great news for the real estate market in the Lehigh Valley!

Comparison of activity from May 2011 to June 2011

During June 2011, 499 sales were reported, which is a 15.5% increase as compared to May 2011 at 432.

The Average Sales Price for June 2011 was recorded at $200,000, up approximately 7% from May 2011 when the Average Sales Price of the month was recorded at $187,000. The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.

The Median Sales price for June 2011 was recorded at $180,000 which is an increase compared to May 2011 with a Median of $164,000. The Median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

The Average Market Time for properties sold during June 2011 was 88 days, which is an increase compared to May 2011 at 86 days.

For newly constructed Homes with 4 bedrooms and 2 1/2 baths the Average Sale Price was $376,000 andthe Median Sale Price was $390,000. 9 new construction properties sold during the month of June 2011. During the month of May 2011 the Average Sale Price was recorded at $362,000 and the Median was recorded at $366,000.

The statistics presented in the market update are compiled each month based on the figures generated from the Lehigh Valley Association of REALTORS Multiple Listing Service. Average Sales prices and Median prices fluctuate monthly depending upon the number of sales at the high or low end of the price range. The Lehigh Valley Association of REALTORS represents 2,123 real estate professionals involved in all aspects of the real estate industry.

June Sales Distribution

Sale Price Number of Sales
under $70,000 60
$70,001 - $100,000 38
$100,001 - $150,000 95
$150,001 - $200,000 114
$200,001 - $250,000 51
$250,001 - $300,000 51
$300,001 - $350,000 38
$350,001 - $400,000 23
$400,001 - $450,000 16
$450,001 - $500,000 4
$500,001 - $600,000 4
$600,001 - $700,000 2
$700,001 - $800,000 2
$800,001 and above 1

The Lehigh Valley Market Update - The Year in Review

Comparison of Activity from January 2010 to January 2011

The number of sales during January 2011 increased by 2.8% with 255 sales reported as compared to 248 in Janaury 2010.

The Average Sales price for Janaury 2011 was recorded at $192,000, which is an decrease of 5% compared to Janaury 2010 when the Average Sales price of the month was recorded at $202,000. The Average Sales price is obtained by dividing the number of sales into the total sales dollars.

The Median Sales Price for Janaury 2011 was recorded at $177,000, which is an increase compared to Janaury 2010 with a Median of $175,000. The Median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

The average time on the market for properties sold during Janaury 2011 was 97 days, which is an increase compared to Janaury 2010 at 82 days.

The average sale price compared to list price for residential properties sold during the month of Janaury 2011 is 95%, which is a decrease as compared to Janaury 2010 at 96%.

Lehigh Valley, Pennsylvania Market Update - The Month of January 2011 in Review

Comparison of Activity from December 2010 to January 2011

During January 2011, 255 sales were reported, which is a 28.6% decrease as compared to December 2010 at 361.

The Average Sales Price for January 2011 was recorded at $192,000, down approximately 5.4% from December 2010 when the Average Sales Price of the month was recorded at $203,000. The Average Sales Price is obtained by dividing the number of sales into the total sales dollars.

The Median Sales price for January 2011 was recorded at $177,000 which is a decrease compared to December 2010 with a Median of $181,000. The Median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

The Average Market Time for properties sold during January 2011 was 97 days, which is an increase compared to December 2010 at 82 days.

For newly constructed Homes with 4 bedrooms and 2 1/2 baths the Average Sale Price was $340,000 and the Median Sale Price was $340,000. 1 new construction properties were sold during the month of January 2011. During the month of December 2010 the Average Sale Price was recorded at $354,000 and the Median was recorded at $358,000.

The statistics presented in the market update are compiled each month based on the figures generated from the Lehigh Valley Association of REALTORS Multiple Listing Service. Average Sales prices and Median prices fluctuate monthly depending upon the number of sales at the high or low end of the price range. The Lehigh Valley Association of REALTORS represents 2,166 real estate professionals involved in all aspects of the real estate industry.

November Sales Distribution

Sale Price Number of Sales
under $70,000 34
$70,001 - $100,000 14
$100,001 - $150,000 50
$150,001 - $200,000 62
$200,001 - $250,000 35
$250,001 - $300,000 29
$300,001 - $350,000 16
$350,001 - $400,000 4
$400,001 - $450,000 4
$450,001 - $500,000 2
$500,001 - $600,000 3
$600,001 - $700,000 1
$700,001 - $800,000 0
$800,001 and above 1

The Lehigh Valley Market Update - The Year in Review

Comparison of Activity from November 2009 to November 2010

The number of sales during November 2010 decreased by 40% with 361 sales reported as compared to 606 in November 2009.

The Average Sales price for November 2010 was recorded at $200,000, which is an increase of 5.3%compared to November 2009 when the Average Sales price of the month was recorded at $190,000. The Average Sales price is obtained by dividing the number of sales into the total sales dollars.

The Median Sales Price for November 2010 was recorded at $173,000, which is a decrease compared to November 2009 with a Median of $175,000. The Median indicates the mid-point of the range of prices - half the homes sell for less, while half the homes sell for more.

The average time on the market for properties sold during October 2010 was 81 days, which is an increase compared to October 2009 at 78 days.

The average sale price compared to list price for residential properties sold during the month of November 2010 is 95%, which is a decrease as compared to November 2009 at 96%.