Housing Statistics – Berks County, PA – January 2019

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

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

Berks Co. PA Residential Market Stats - Jan 2019

 

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!

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

Berks Co. multi-fam stats - January 2019

 

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: