New Philadelphia Area Real Estate Stats

Last week BrightMLS, the Multiple Listing Service that provides property information for thousands of REALTORS throughout the eastern seaboard released their latest data on housing.

 

The information shows that the market is still amazingly good, especially in light of the fears that mortgage rate increases would stifle growth. 

 

We are still in need of more houses to sell, as can be shown in the "Months of Inventory" statistic - a balanced real estate market (where there are equal buyers and sellers) would be 3 months.

 

Read the entire statistical presentation here.  You can also contact us if you would like more information on what these statistics really mean.