January 2019
RESIDENTIAL Real Estate Market Statistics – Berks County PA
The info. below is a look at the Berks County real estate market for January 2019. Although inventory is still tight, there were still 240 homes sold/settled in January. Additionally, there were 375 homes listed in January 2019. The median list price was $164,900 and the median sold/settled price was $155,500. This represents 5.3 months of inventory. Keep in mind that 6 months of inventory is considered a ‘balanced’ seller/buyer market, so we are still slightly slanted towards a sellers’ market in Berks County. The average days on market for the sold properties was 67 days.
Market Statistics Summary & Chart:
New listings this month = 375
End of month total inventory / active listings = 1,812
Median list price this month = $164,900
Sold / (settled) homes this month = 240
Median sold / (settled) home price this month = $155,500
Average cumulative days on market = 67
Total months of inventory available at the end of the month = 5.3
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January 2019
Multi-Family Real Estate Market Report
Berks County, PA
In January 2019, there were 21 multi-family properties newly listed in Berks County, PA. There were 6.7 months of inventory available for purchase. (Remember – 6 months is considered a balanced seller/buyer market). This indicates that the Berks County residential investment property sector is slightly slanted towards a buyers’ market.
There were 13 multi-family properties sold/settled in December with another 18 properties moving from active listing to ‘pending sale’ status. The median list price was $148,900 and a median sold price of $95,000.
Market Statistics Summary & Chart:
New listings this month = 21
Total end of month inventory / active listings = 127
Median list price this month = $125,000
Sold / settled multi-family properties this month = 13
Median sold / settled price this month = $95,000
Average days on market = 78
Total months of inventory available at the end of the month = 6.7
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