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Tredyffrin Real Estate Report February 2009

Chester County Pa, Tredyffrin Real Estate Market Report*

Tredyffrin Township Median Sold Price Update

Our Comparison between February 2008 and February 2009 shows a real estate market screenshot009where the Median Sold Price is up 31% (from $344,000 to $450,000) and the Median For Sale Price is down 8% in a comparison of February of this year to last year (from $490,000 to $449,450) as shown in this graph with green representing the median sold price in Tredyffrin, red being median homes for sale price and blue being median homes under contract price.

Tredyffrin Supply and Demand Number of Homes For Sale, Sold

  1. On the Supply and Demand Side of our Tredyffrin Real Estate Market Report the number of Homes For Sale in Tredyffrin is down 11% (from 233 to 208).
  2. Tredyffrin Homes Under Contract in February of 2009 compared to February of 2008 is down 50% (from 38 to 19).
  3. The number of homes sold in Tredyffrin in February of 2009 as compared to February of 2008 is down 61% (from 18 to 7).
  4. and the number of Expired Listings is up 8% compared to February of 2008 (from 25 to 27).

Tredyffrin Real Estate Months Supply of Inventory and Days On Market

tredyffrin-monthssupplyinveTredyffrin Township Months Supply of Inventory in February of 2009 is up 91% from February of 2008 (from 4.5 months to 8.5 MSI) and the Tredyffrin Real Estate Market Days On Market is up 125% from February 2008 (from 42 DOM to 95 DOM). With the gray bars on this graph representing the MSI and the broken blue line representing the DOM for the period of February 2008 to February 2009.

The bright spot for the first of the year real estate picture in Tredyffrin is that the MSI is down from January of this year. The Months Supply of Inventory in January 2009 was 15.1 Months Supply of Inventory and has dropped to 8.5 Months Supply of Inventory in February 2009. However the Days on Market has increased from 85 DOM in January 2009 to 95 DOM in February 2009.

*data courtesy of Trend and Terradatum is deemed accurate but not guaranteed

When you need the most reliable real estate information and  the best real estate market advantage to get your property marketed and sold for the highest price in the least amount of time in Chester County and the Main Line Pa area,  Contact or call me, 610-889-5509, Judy Peterson, Tredyffrin Real Estate Specialist with Prudential Fox and Roach Realtors. We’ll get it right the first time with “Superb Service and Superb Results”

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