Chester County PA Real Estate Market Trends for September 2016
Thursday, October 20, 2016
Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:
- 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
- 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.
With rates like this, is it time for you to buy a home? If so, just hit reply to get started!
Take a look at how many folks bought homes in our market last month…
Chester County PA Real Estate Market Trends for September 2016
2,692 Chester County PA single family homes were for sale in Sept 2016 which is an 7.14% decrease from Sept 2015. 570 homes sold in Sept with a median sales price of $319,000, a 0.31% decrease from Sept 2015.
The supply of inventory was 5.1 compared to 5.65 in Sept 2015 and the Sales vs List Price was 94.8%.
| Date | Homes For Sale |
Months Supply Inventory |
Homes Sold |
Median Sales Price |
Sales Price vs List Price |
| Sept 2016 | 2,692 | 5.1 | 570 | $319,000 | 94.8% |
| Sept 2015 | 2,899 | 5.5 | 587 | $320,000 | 94.9% |
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