April 2015 – Lehigh Valley Real Estate Market Update

As of April 2015 – (change)                                        YTD 2015 – (change)
Closed Sales 507 properties (+10.5%)                                  1,788 (+14.0%)
Days on Market 74 (-8.6%)                                                          78 (0.0%)
Median Sales Price $165,000 (+3.8%)                          $161,000 (+1.9%)
Average Sales Price $205,180 (+13.4%)                        $189,140 (+6.5%)
% of List Price received 96.5% (+0.2%)                             96.0% (+0.2%)

Months of inventory for March 2015 = 6.2 (-17.3%)
(6 months of inventory is considered an even market)

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Or if you have any other real estate related question, I am here to help!
Call me at: 610-417-1174 or send me an email to: [email protected]