Downingtown Area School District September Real Estate Market Report
September brought the least amount of home sales that we have seen since March in Downingtown Area School District.
In September, there were only 62 home sales. From April – August, we saw an average of 79 home sales a month.
The average home sale price dipped back into the $500,000s at $593,792 after being at $616,528 in August. That is due to the fact that the majority of homes sold under $500,000.
25 sold under $500,000, 19 sold between 500-700, and 18 sold over $700,000.
In August, we saw 27 homes sell under asking price. In September, that number settled back down to only 12 selling below asking price.
The homes that sold in September generally went under contract in August. This lower amount of home sales is evidence of the summer slow-down while many people were traveling and enjoying the last month of summer vacation.
I am sure we will see the October stats pick right back up.
