Market Trends May 2015

Residential activity in Chester County (Single-family and Condo)

Inventory

Total Inventory
May 2015
3,193
May 2014
3,161
Inventory Accumulation
May 2015
6.1
May 2014
6.2

The inventory of homes for sale increased by 11% during May and is now 1% higher than the 2014 level. The Months Supply of Inventory increased from 5.5 months to 6.1 months due to the increase in inventory, but is down from 6.3 months a year ago.

Settled Listings

May Settled Listings
May 2015
582
May 2014
561
Year-to-date Settled Listings
May 2015
2,145
May 2014
1,967

May sales were 4% higher than last May and year-to-date are 9% ahead of 2014.

Median Price

May Median Price
May 2015
$315,000
May 2014
$304,801
Year-to-date Median Price
May 2015
$297,235
May 2014
$295,000

The median sold price in May was 3.3% ($10,200) above last May and the year-to-date median sold price is now 1% higher than the 2014 level.

Settled Price / Original Price

May Settled Price / Original Price
May 2015
96.9%
May 2014
96.8%
Year-to-date Settled Price / Original Price
May 2015
95.9%
May 2014
97.5%

The median sold price to original list price has been in the 96-97% range all year.

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