My New Blog

Current # Month's Inventory Levels for Resales as of 01-26-10.  (6 Months = Balanced Market, >6 tilts towards a Buyers Market, <6 tilts towards a Sellers Market).  Total # of Homes / Monthly absorption-calculated based on # of settled properties in 2008 per Trend MLS = # of total months current inv.

School District                # of Months Current Inventory

Tredyffrin Easttown                                 3.90

West Chester                                         5.07

Phoenixville                                           5.17

Downingtown                                          5.67

Springford                                             5.95

--------------------------BALANCED MARKET LINE--------------------------------------------

Great Valley                                            6.84

Kennett                                                  7.03

Twin Valley                                              7.29

Coatesville                                              7.51

Avon Grove                                           8.34

Owen J. Roberts                                      8.74

Octorara                                                8.80

Unionville-Chadds Ford                            9.19

Oxford                                                 9.22

This is the first time in a few years that every district is under 10 months inventory in Chester County.  Inventory levels are shrinking and as we creep towards 6 months inventory county wide, the market will be further stabilizing.  This has been evident over the past year and half as there were times where inventory levels were up to 14 months in some places.  This data is good to know, especially when negotiating a home sale.  Whether buying or selling, you will have a better perspective on the state of the market in your district and can negotiate appropriately.  Follow up or contact me for further details.