Real Estate Market Statistics for June 2013!

  June 2013 was a good month for the real estate industry!  There was a lot of movement in all of our local counties: Bucks, Chester, Delaware, Montgomery, and Philadelphia.  When compared to last year at this time, inventories are still down 9%!  Even with inventories down, we've seen some increasingly positive market trends across our surrounding areas.  Settled Single Family Units in Montgomery County were up 12.81% with 3.804 settled units for the month of June.  The average settled price in Montgomery County this past month was $314,000 and the median settled price was $260,000, these prices have slightly increased compared to last year.  Settled Condo units for June have increased at 7.72% with 363 units, resulting with both the average and median settled prices at slight increases with $185,000 and $164,000.
     To focus in more locally, Lansdale Borough had positive outcomes from this market as well.  15 Single Family units settled in June in Lansdale.  Out of those 15, the majority (6) were priced between $150,000 and $199,999, where as the rest were scattered anywhere between $200,000-$349,999.  In the Lansdale Borough, 10 of those 15 sold in June were sold within their first 30 days on the market and sold for an averagve of 95% of the original list price.  Wow! Homes are moving fast in our area!  Thinking about buying or selling?  Contact us for a FREE home market analysis today!!