February 2015 Lehigh Valley Real Estate Market Update

Lehigh Valley Real Estate Market statistics as of February 2015……..  

Closed Sales  339 units sold (+4.3%)  – YTD  724 units sold (+6.8%)

Days on Market =  85 (+10.4%)  – YTD = 79 (+5.3%)

Median Sales Price = $162,250 (+8.2%)  – YTD  $155,000 (-3.1%)

Average Sales Price = $182,692 (+7.7%)  – YTD $179,108 (+0.2%)

Percentage of List Price Received = 96.1% (+0.6%) – YTD = 95.7% (+0.2%)

Months Supply  (6 months supply is a balanced market) =  5.6 months (-13.8%)

If you are interested to knowing more about the price of you home as it compares to these statistics, please give me a call – 610.417.1174 or send a message to [email protected]