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

Main Line Pa Homes For Sale Absorption Rate Report



Radnor Township Real Estate, Haverford, Lower Merion and Upper Merion Townships Real Estate Absorption Report February 2009

The Main Line Pa Real Estate Absorption Rate Report comparison FebruaryAbsorptionRateMainLinePaToday.com 2008 to February 2009. Comparing  our four Lower Main Line Pa area Townships (Radnor, Haverford, Lower Merion and Upper Merion) for the Months Supply of Inventory, Days On Market, Residual Inventory (backlog) and New Listings On Market.

As I was preparing this Absorption Rate Report, I saw a tick up in the Median Listing price for some lower Main Line Pa Townships.

This would not be a good time to be increasing the Listing prices beyond what’s indicated by recent comparable sold prices and market conditions.

We’re far from being out of the swamp yet, as some of these numbers indicate.

Township

MSI

DOM

Residual

New List

Radnor

4/15

86/50

120/128

34/40

Haverford

3/7

61/99

117/175

64/68

Lower Merion

7/17

69/135

349/400

119/102

Upper Merion

8/7

37/98

94/113

36/25

I’m speculating that high end new construction projects could be skewing some of these numbers, but if new listing prices rise and there’s little or no correction for residual inventory pricing, we’ll be looking for more powerful images than paper towels to represent the soak up Months Supply of inventory.

PS ~ Update On Stats Minus New Construction: for example, Lower Merion stats for resales, not including new construction shows Months Supply of Inventory 7/14, Days On Market 69/124, Residual Inventory 346/321 and New Listings 119/96 comparison of February 2008 to February 2009.

Are you a Seller with an Expired Listing? Like to have a professional Comparative Market Analysis and a Marketing Plan to get your home sold? Want to see your home as a “Featured Home For Sale” on Main Line Pa Today? Contact or call 610-889-5509, Judy Peterson today. Judy Peterson is your  Chester County Main Line Pa Real Estate Expert. Real estate marketing with “Superb Service, Superb Results”!

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  1. John Taylor

    I found your blog on Google. I’ve bookmarked it and will watch out for your next blog post.

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