“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.