In this post, you will find statistics on the Berks County PA real estate market! Questions? Call Jennifer King @ 717-723-9080!

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

Ready to browse homes for sale in Berks County PA?

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Ready to sell &/or buy?

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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

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

!

 

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