Video: Real Estate Community Tour for Wynnewood, PA
See Real estate community tour for Wynnewood, PA
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up 16% from one year earlier, and up 13% 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 650-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 8%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 480-thousand dollars. The number of units sold increased 46% year-over-year, and decreased 14% month-over-month. Higher year-over-year figures 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.