Year Ends Strong in Sellers’ Market for West Chester
West Chester Real Estate Market ended in a strong sellers’ market with a 2.5 month inventory of homes for sale. A 6 month inventory level is considered a balanced market. Anything under 6 months worth of inventory is considered to be an undersupply, favoring home sellers as opposed to favoring home buyers. Inventory typically is lower this time of year, however it’s at its lowest point in several years. Thinking of selling your home? This significant lack of inventory makes right now a fantastic time to get your home listed for sale.
The average sale price of homes in West Chester is $230,940, which is up 1.08% from the same time last year. Home prices are on a slow, steady rise; and are expected to continue to increase. Average days on market in West Chester is 66 days, compared to 70 last winter. The average list to sale price ratio for West Chester Real Estate is down slightly at 95.95% compared to last year’s 96.69%. This number describes what percentage of the list price homes are actually selling for.
Questions about the West Chester Real Estate Market?
Contact The Lowry Team at 513-874-1830.
The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate, and a Marketing Director.
Don’t Hire an Agent…Hire a Team. The Lowry Team.
Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.
Other Articles You May Be Interested In: