These reports come from our MLS system, Trend, and show the correlation between appointments scheduled by buyers and pending sales (homes that are under contract). This is a great tool in seeing activity of buyers in our area. As you can see there is an increase in activity in the spring but it’s interesting to see how there is so much more activity in the spring of 2013 compared to the spring of 2012. Also, along with these statistics you can look at the inventory accumulation levels and see that they support the activity reports in indicating an improving market.
You can click on the reports to enlarge them. The inventory accumulation is the number of months it would take to sell all of the homes currently on the market at the rate to which homes are currently being sold. 6 & 8 months are great numbers that show an improving market.
Chester County Activity Report
Current Inventory Accumulation is 6 months in Chester County.
Montgomery County Activity Report
Current Inventory Accumulation is 6 months in Montgomery County.
Delaware County Activity Report
Current Inventory Accumulation is 8 months in Delaware County.