August 2015 Real Estate in the Lehigh Valley

A row of three houses with green lawns and trees.

This Month in the Lehigh Valley | August 2015

 

DescriptionAs of August 2015Monthly Percentage of ChangeYear To DateYTD Percentage of Change
Closed Sales767+ 12.8%4,846 + 14.9%
Days On Market59 - 13.2%69 -2.8%
Median Sales Price$183,000+ 3.4%$175,000+ 2.9%
Average Sales Price $209,323+ 1.3%$202,931+ 2.9%
Percentage of List Price Received96.9%+ 0.6%96.6%+ 0.4%
Inventory of Homes4,136 23.3%
Months of Supply6.6- 33.3%
Bethlehem Area School District Homes$215,531 Average Price+1.4%
Allentown School District Homes$116,194 Average Price+5.8%
Easton School District Homes$204,215 Average Price-2.2%
Nazareth School District Homes$272,997 Average Price-1.8%
Saucon Valley School District Homes$299,218 Average Price+5.1%

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)

If you would like know more about these numbers or numbers in your neighborhood, give me a call!

Or if you have any other real estate related question, I am here to help!
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