Tredyffrin Real Estate September 09 Market Report
October 16th, 2009 Categories: Chester County, Home Buyers, Home Sellers, Market Trends
Good New For The Tredyffrin Real Estate Market? Should I take my Listing off the market for the holidays?
As the Market Dynamics for Tredyffrin Township show, all of the Median Price indicators are down for September 2009 as compared to September 2008 and September 2007.
While it’s painful to write that all of the Median Price indicators are down, we could view these statistics as a positive indicator.
Not to get in front of the market, but the fact that the number of sold transactions are actually up by 3% and the number of under contract transactions as of the end of September are also up by 23% suggests that the correction we’ve been waiting for in Tredyffrin Township has taken place or is at least moving in the direction of a more balanced real estate market.
Tredyffrin Real Estate Median Price Dynamics 2007/2009:
For Sale Prices Down 3% from $422,250 to $411,200
Under Contract Prices Down 29% from 382,450 to $272,400
Sold Prices Down 47% from %522,500 to $275,000
Tredyffrin Real Estate Supply and Demand Dynamics:
Number of Homes Sold is up 3% from 34 to 35 homes sold
Number of Homes Under Contract up 23% from 26 to 32
Number of Homes For Sale is down 6% from 250 to 236 homes for sale in Sptember 2009
Should I take my home off the market for the holidays?
Now let’s just take a look at the Number of Homes For Sale in Tredyffrin Township. It’s down by 6%. That’s a good thing and part of the answer to the question, “should I take my home off of the market for the holidays?
The answer is no, do not take your home off of the market for the holidays, at least not this year.
First, if they can’t see it, they can’t buy it.
Second, can you see that you have a competitive advantage being in the Tredyffrin real estate market while the other two Supply and Demand numbers are on the upswing?
You heard it here first! Call me, Judy Peterson 610-889-5509, when you want informed, tech savvy real estate marketing service to work for you whether you’re buying or selling a home in Tredyffrin Township, moving down the street or across the country.
