Regional Housing Market Rebounds

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

Prudential Fox and Roach Realtors’ most recent HomExpert market report showed positive signs in the housing market for Chester County and the Greater Philadelphia region.

“We’re seeing an increase in sales and median and average sale prices, and we’re seeing a reduction in inventory and a significant reduction in days-on-market,” Prudential Fox and Roach Senior Vice President of Marketing Steve Storti said, “So, we’re seeing a market that is significantly improving, and we hope it continues.”

In April, 517 homes sold in Chester County, with a median price of $287,000.  The number sold was 15 percent higher than April 2012, and 64 percent more than April 2011.

In the first quarter of 2013, Greater Philadelphia saw a 7.8 percent home sales increase over the same quarter a year ago.  Chester County had 1,027 existing home sales during the quarter, up 6.8 percent over 2012.

Read more:  http://www.pottsmerc.com/article/20130611/FINANCE01/130619868/regional-housing-market-rebounds#full_story

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