How's the market? How's the market? How's the market?
This is the most common question, by far, that we Realtors hear on a daily basis - more frequently than ever it seems. We hear this in formal and informal settings, from the line in the supermarket to a detailed discussion of real estate with prospective buyers and sellers.
So I thought I’d give an update on the activity in our local area, especially considering that we just had a month end.
Here’s the latest information from the past two months, June and July 2011. These figures are for Lansdale and North Wales Boroughs and Montgomery and Towamencin Townships combined. They include all types of homes/units. Averages don't always give a clear picture as outliers can skew the data, but it does help give a picture of trends and the overall state of the market.
In June, there were 101 homes listed for sale, while in July 80 homes were listed. The average listed price in June was $283,159; July was $298,691.
The number of homes sold is reported as 54 in June and 63 homes in July. The average sold price for June was $253,595. The average sold price for July was $280,711.
How long were these on the market on average? Well, in June, the homes that sold averaged 93 days; in July, that number was 68 days on the market.
The July numbers for all of Montgomery County are not yet available, but will be soon. Look for those figures in an upcoming article.
~Gina
How's the market in Montgomery County PA? By our team member and guest blogger Gina Wherry originally appeared in the Montgomeryville-Lansdale Patch.
Contact Scott Loper, Associate Broker, Realtor®, RE/MAX Realty Group at 215-513-1333 for help buying or selling a home in Lansdale, Harleysville, Hatfield, Souderton, Skippack, Collegeville, North Wales and the surrounding areas of Montgomery County of Pennsylvania. To Search for Homes For Sale in Montgomery County Click Here.
How's the market in Montgomery County PA? - Copyright © 2011, The Scott Loper Team, All rights reserved.
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The Scott Loper Team
Scott Loper - Associate Broker
Lisa Loper - Sales Associate
Gina Wherry - Sales Associate
RE/MAX Realty Group
439 Main Street
Harleysville, PA 19438
Ph: 215-256-1200 x-213
