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Berkshire Hathaway HomeServices Fox & Roach RealtorsDevon Home Marketing
Center, 431 W Lancaster Avenue
Devon, PA 19333
610-651-2700

Malvern Real Estate Report 19355~February 2009


Malvern Chester County Pa Real Estate Market Report For February 2009

Supply and Demand

Our Malvern Pa Real Estate Market Report is a snapshot of real estate activity in Malvern Pa Median Homes Sold GraphMalvern Chester County Pennsylvania for zip code 19355 comparing February 2008 to February 2009.  We see a real estate market that is moving to an upswing. The Graph depicts Median Malvern Homes Sold Prices (green), Malvern Homes Under Contract Prices (blue) and Malvern Homes For Sale Prices (red).

As for most of our markets, the story is in the Number of transactions. The Number of Malvern Homes For Sale is down 19% from 223 homes for sale in February of 2008 to 181 homes for sale in Malvern in February of 2009.

The Number of Malvern Homes Under Contract is down 57% from 28 homes for sale in Malvern in February 2008 to 12 homes for sale in February of 2009. Also, weather wise this was not a good February for buying activity as it was impacted by a few snow storms.

The Number of homes sold in February of 2008 was 13 and the number of homes sold in February of 2009 was down 8% to 12 homes sold.

Absorption Rate For Malvern Homes Sold

The Absorption Rate and Months Supply of Inventory for Malvern Pa has gone up 107% from 6.3 Months Supply of Inventory in 2008 and 13 Months Supply of Inventory in February of 2009. A Buyers Market is generally defined as having more than 6 months supply of housing inventory.

The actual Days on Market has dropped from 74 DOM in 2008 to 55 Days On Market in February 2009, a very positive indicator and a 25% drop. The Residual Inventory (backlog) has also dropped from 127 to 119 homes.

Malvern Median For Sale Price, Median Under Contract and Median Sold Prices:

The Median Price of Homes For Sale in Malvern Pa has increased 5% from $639,975 to $675,000 in February of 2009.

The Median Price of Malvern Homes that have gone under contract has increased 40% from $455,360 to $637,450.

And finally the Median Sold Price of Malvern Pa Homes has increased 7% from $338,000 to $361,250.

Overall 251 properties sold in Malvern Pa in the 12 month period covered here. The Malvern Real Estate Market is a Buyers market that is on the move.

Considering buying or selling a home in Malvern? Contact me or give me a call, 610.889.5509, Judy Peterson Prudential Fox and Roach Realtors Devon Home Marketing. This would be a good time to be in the Malvern Real Estate Homes For Sale Market.

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