My New Blog

As 2008 is now closed out, it gave me a good opportunity to track the number of houses sold last year per school district (RESALES ONLY).  Taking that into account as well as tracking the current inventory numbers, I have current inventory levels for each district as of Jan 8, 2009.  6 months inventory is a balanced market.  The higher it is above 6, favors buyers and the lower it is below 6 favors sellers.  As a buyer and/or seller, you should know your negotiating power and what the current status of the market is.

School District                    Months Inventory

PA                                                    

West Chester                                     5.03

Rose Tree Media                                6.11

Downingtown                                      6.15

Coatesville                                         6.63

Garnet Valley                                     7.44

Kennett                                               8.48

Avon Grove                                        8.59

Unionville Chadds Ford                     8.98

Octorara                                            9.30

Oxford                                                10.2       

DE

Red Clay                                            6.12

Brandywine New Castle                    6.14

Christina                                            6.55

Colonial New Castle                          8.63

As you can see, many/most of the districts are close to 6 which is a balanced market.  As these numbers get close to 6 or stay around 6 months inventory, prices will stabilize and start to slowly increase again.  This will of course take some months to do, but to me, is in indication that the market around here isn't as bad as the national media reports it to be.  Please call me if you have any additional questions or how to interpret this data for your particular situation.