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Center, 431 W Lancaster Avenue
Devon, PA 19333

Chester County Real Estate-Malvern Pa 19355

Chester County Malvern Pa Real Estate 4th Quarter 2008

Our Chester County Real Estate Market Report for Malvern Pennsylvania, 19355 shows good news and a rebounding real estate market in progress for Malvern, Chester County Pa.

The charming Borough of Malvern in Chester County has a neighborhood town center that’s a fun place to shop with unique specialty shops. Malvern is served by the Great Valley School District.

Malvern Pa Median Home Price Indicators*:

Homes for Sale in Malvern, Chester County Pa have a median for sale price that’s down 12% from $679,000  a year ago a median for sale price of $599,000 as of December 2008.

The Malvern Real Estate median under contract price is down 24% from $544,450 to $416,500 as of December 2008

Malvern Pa median homes sold prices is up 33% from $431,500 in December 2007 to $573,000 in December 2008 which is a very positive indicator for Malvern real estate.

Malvern Real Estate Supply and Demand for Number of Malvern Homes Sold:

The number of homes sold in Malvern, Pa is down 43% from 14 homes sold in December 2007 to 8 homes sold in Malvern as of December 2008.

Malvern Real Estate Homes under contract is up 33% from 12 Malvern homes under contract in December 2007 to 16 Malvern homes under contract as of December 2008

Malvern Pa number of homes for sale was down 12% from 203 homes for sale in Malvern as of December 2007 to 179 Malvern homes for sale as December 2008

Malvern Real Estate Months Supply of Inventory Down 34%:

This is an excellent indicator for Malvern Pa real estate with the MSI down 34%, a strong “Buyers Market” as of December 2007, to only 9 Months Supply of Inventory for Malvern as of December 2008.

Malvern real estate Days On Market, DOM, has dropped 20% from 133 DOM to 106 Days On Market for Malvern homes to sell.

These are very positive indicators for the real estate market in Malvern Pa. And good news for Malvern home buyers and sellers as we head into the Spring Real Estate Market.

*All Data courtesy of Trend MLS and Teradatum is deemed accurate but not guaranteed.

Additional Articles of Interest:

Contact or Call Judy Peterson, 619-889-5509 Realtor Prudential Fox and Roach Realtors when you need a Chester County Pa Malvern real estate expert.

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