How did the Local Housing Market Perform in March 2014?

The spring market is here!  More homes are hitting the market and sales are increasing compared to February.  As I predicted last month more homes hit the market in March.  With more inventory we will see an increase in sales and a decrease in days on the market.  Although our sales and inventory are up month to month they are still slightly below what they were compared to a year ago.  I think we will see big sales numbers April through July.  It’s a great time to put your house on the market and for buyers there is so many more homes to choose from.  Also, interest rates have dropped making homes more affordable.

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

Chesco Inv mar14

Chesco Sales Mar14

Chesco DOM mar14

Delaware County

Delco Inv mar14

Delco Sales Mar14

Delco DOM mar14

Montgomery County

Mont InvMar14

Montco SalesMar14

Montco DOM Mar14

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.