December 2018
RESIDENTIAL Real Estate Market Statistics – Berks County PA
The info. below is a look at the Berks County real estate market for December 2018. Although inventory is still tight, there were still 328 homes sold/settled in December. Additionally, there were 307 homes listed in December 2018. The median list price was $162,000 and the median sold/settled price was $160,000. This represents 4.9 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 71 days.
Market Statistics Summary & Chart:
New listings in December = 307
Median list price in December = $162,000
Sold / (settled) homes in December = 328
Median sold / (settled) home price in December = $160,000
Average days on market = 71
Total months of inventory available at the end of November = 4.9
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December 2018
Multi-Family Real Estate Market Report
Berks County, PA
In December 2018, there were 23 multi-family properties newly listed in Berks County, PA. There were 7.2 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 18 multi-family properties sold/settled in December with another 22 properties moving from active listing to ‘pending sale’ status. The median list price was $125,000 and a median sold price of $95,950.
Market Statistics Summary & Chart:
New listings in December = 23
Median list price in December = $125,000
Sold / (settled) multi-family properties in December = 18
Median sold / (settled) home price in December = $95,950
Average days on market = 78
Total months of inventory available at the end of November = 7.2
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