Judy Peterson, RealtorDirect 610-889-5509
Cell 484-431-7195

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Berkshire Hathaway HomeServices Fox & Roach RealtorsDevon Home Marketing
Center, 431 W Lancaster Avenue
Devon, PA 19333

Downingtown PA Real Estate Market Report

Downingtown 19335 Area Real Estate Market Report Comparison*

The Chester County, Downingtown Real Estate Market Report comparison between November 2006 and November 2008, reflects a market that is showing the typical seasonal adjustments as well as definite Median Sold Price Adjustments, down 10% and Supply and Demand reduction of units sold, down by 50%.

And while the Days on the Market is up 25% from November of 2006 to 70 Days On The Market, the DOM is actually down from September/October of this year and from the high of 105 Days on the Market at November of 2007, a positive indicator.

Downingtown Homes For Sale and Homes Sold Median Price Activity

Downingtown Pa Median Homes For Sale Prices November 2006 $371,900; down 2% to $365,000 November 2008

Under Contract Median Price November 2006 $315,450; down 18% to $257,425 November 2008

Median Sold Price November 2006 $315,000; down 10% to $282,500 in November 2008

Downingtown Supply and Demand (# Units)

Number of Units For Sale November 2006 485 units; down 13% to 421 units November 2008

Under Contract Units November 2006; 42 units;down 48% to 22 units November 008

Sold Units November 2006 58 units; down 50% to 29 Units November 2008

Downingtown Months Supply of Inventory/Absorption Rate

Months Supply of Inventory November 2006 9.5 months up 71% to 16.3 months of inventory for November 2008

The Number of Days On Market are up 25% from 56 Days On Market November 2006 to 70 Days On Market November 2008

*Data courtesy of Trend MLS and Terradatum deemed accurate but not guaranteed.

Watch for 2008 4th Quarter County Market Reports coming up the first week of January 2009

Contact or Call Judy Peterson, Prudential Fox and Roach Realtors  610-889-5509

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