Chester County PA Real Estate Market Trends for May 2016
When putting a home on the market, there is a lot to consider. How will you find a REALTOR®? What should you price the home? And the big one—is the home ready to sell? Most sellers know to get rid of clutter and fix any big or obvious problems. But what else can sellers do to get top dollar for their home? The National Association of REALTORS has identified some staging tips for various rooms in a home. After all, NAR research shows that 81 percent of buyers believe it is easier for them to picture themselves in a home when it’s staged. To appeal to those buyers, NAR recommends scrubbing the fireplace, focusing on symmetry in decoration, packing up dishes that don’t match your main set in your cupboards, making the extra bedroom a fun activity room to showcase other functions (like a sewing room or office), and keeping all closets as empty as possible.
Check out how many local sellers were successful selling their homes in May:
Chester County PA Real Estate Market Trends for May 2016
2,984 Chester County PA single family homes were for sale in May 2016 which is a 6.76% increase from May 2015. 557 homes sold in May with a median sales price of $324,000, a 0.30% decrease from May 2015.
The supply of inventory was 6.1 compared to 5.2 in May 2015 and the Sales vs List Price was 95.9%.
| Date | Homes For Sale |
Months Supply Inventory |
Homes Sold |
Median Sales Price |
Sales Price vs List Price |
| May 2016 | 2,984 | 6.1 | 557 | $324,000 | 95.9% |
| May 2015 | 2,795 | 5.2 | 591 | $325,000 | 96.2% |
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