Video: Real Estate Community Tour for Gladwyne, PA
See Real estate community tour for Gladwyne, PA
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 20% from one year earlier, and up 3% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was 1.15-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 31%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 900-thousand dollars. The number of units sold was consistent year-over-year, and increased 60% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.