How did the Local Housing Market Perform in February 2014?

In February inventory, sales and the days that listings sat on the market before going under contract were all down in all three counties.  There were not a lot of homes that came on the market so the impact on sales and days on the market was a decline.  I think this was expected with the amount of snow we got and we should see more listings hitting the market in March, more sales in April and days on the market will probably be flat in the next couple of months.

Here’s a quick snapshot of all the counties in the area (Click on the picture to enlarge):

Email me at Laurajlaws@gmail.com if you are looking for specific statistics in a school district or a township.  Real estate is local and these numbers are averages so in certain areas within the 3 counties you will see complete opposite trends happening.

Chester County

February 2014

Chesco Sales Feb14

Chesco DOM feb14

Delaware County

Delco Inv feb14

Delco Sales feb14

Delco DOM feb14

Montgomery County

Monco Inv feb14

Monco Sales feb14

Monco DOM feb14

Real estate is cyclical so it is important to look at year over year statistics.  This data is compiled from sales reported to Trend, our local MLS.