The average price of homes for sale was $345,652, which was down from $352,024 in December. Likewise the median price of homes for sale - the number at which half of the homes listed for sale were for more and half were for less - decreased 0.03% to $317,288.
"The local market is heating up. Inventory is down. Buyers are waiting for new inventory to hit the market causing in effect a pseudo sellers market," Giosa said. "Will there be an official shift.... We shall see!"
The prices varied according to the size of the homes
- 2 bedroom - $136,841 - a decrease of 0.2% from December
- 3 bedroom - $288,056 - a decrease of 2.03% from December
- 4 bedroom - $403,638 - a decrease of 3.1% from December
- 5 bedroom - $675,833 - an increase of 17.63% from December
The average home for sale has 3 bedrooms and 1.98 bathrooms.
The Marc Giosa Realty Team Serves Delaware and Chester Counties in Pennsylvania. 2012 Philadelphia Magazines Best of the Best, Official Member of The National Association of Expert Advisors ~NAEA~. "Your Home SOLD Guaranteed, or We'll Sell it for Free!* Exclusive 2 Year Buyer Guarantee!*