How's the market?

This is the most common question, by far, that we realtors hear on a daily basis. We hear this in formal and informal settings, from the line in the supermarket to a detailed discussion of real estate with prospective buyers and sellers. 

So I thought I’d give an update on the activity in our local area, especially considering that we just had a month end.

Here’s the latest information from the past two months, June and July 2011.These figures are for Lansdale and North Wales Boroughs and Montgomery and Towamencin Townships combined. They include all types of homes/units. 

In June, there were 101 homes listed for sale, while in July 80 homes were listed. The average listed price in June was $283,159; July was $298,691. 

The number of homes sold is reported as 54 in June and 63 homes in July.  The average sold price for June was $253,595.  The average sold price for July was $280,711. 

How long were these on the market on average? Well, in June, the homes that sold averaged 93 days; in July, that number was 68 days on the market. 

The July numbers for all of Montgomery County are not yet available, but will be soon. Look for those figures in an upcoming article. 

Every Wednesday at noon, the Scott Loper Team of Re/Max Realty Group in Harleysville offers some sage advice to potential and current homeowners in our area.  The Scott Loper Team includes Scott Loper, Lisa Loper and Gina Wherry, Re/Max Realty Group, 439 Main St., Harleysville, PA 19438, 215-256-1200.