Housing Statistics – Berks County, PA – December 2018

In this post, you will find statistics on the Berks County PA real estate market! Questions? Call The Jennifer King Team @ 610-685-4176!

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

Ready to browse homes for sale in Berks County PA?

You can find them here!

Ready to sell &/or buy?

Call The Jennifer King Team @ 717-723-9080!

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

Ready to sell &/or buy investment property in Berks County?

You’ll find them all here!

Contact The Jennifer King Team @ 610-685-4176 for expert representation for the sale &/or purchase of investment properties, including

1031 Exchanges

!

 

Share This:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest