November 2018
RESIDENTIAL Real Estate Market Statistics – Berks County PA
The info. below is a look at the Berks County real estate market for November 2018. Although inventory is still tight, there were still 401 homes sold/settled in November. Additionally, there were 377 homes listed in November 2018. The median list price was $169,900 and the median sold/settled price was $187,340. This represents 5 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 in November = 377
Median list price in November = $169,900
Sold / (settled) homes in November = 401
Median sold / (settled) home price in November = $164,900
Average days on market = 67
Total months of inventory available at the end of November = 5
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November 2018
Multi-Family Real Estate Market Report
Berks County, PA
In November 2018, there were 26 multi-family properties newly listed in Berks County, PA. There were 8.4 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 26 multi-family properties sold/settled in November, with another 12 properties moving from active listing to ‘pending sale’ status. The median list price was $134,200 and a median sold price of $114,500.
Market Statistics Summary & Chart:
New listings in November = 26
Median list price in November = $134,200
Sold / (settled) multi-family properties in November = 19
Median sold / (settled) home price in November = $114,500
Average days on market = 61
Total months of inventory available at the end of November = 8.4
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