As we move into spring, we find that the Real Estate business is picking up in the Lehigh Valley, PA. Take a look at the market update and see for yourself. 
During March, 2008, the sales have increased by 23%, reporting 444 sales, up from 361 in February, 2008.
Even though the sales are up, the buyers are still out looking to get a better deal in buying a home. The average sales price for March, 2008, was $208,000, which is down from February's average sales price of $210,000. The median sales price for March, 2008, was recorded at $185,000, while in February 2008, the median price was $193,000.
The average time on the market for properties sold in March, 2008 was 73 days, a decrease of 1 day compared to February, 2008.
As you can see, the Real Estate Market is getting better in the Lehigh Valley. The buyers are coming out of winter hibernation and getting spring fever. They are taking advantage of the nice weather to do some home shopping.
Buyers! Take note, now is a great time to purchase a home. Take advantage of the large inventory of homes on the market, the more reasonable listing prices and the low interest rate. You may not get this opportunity again for a while. Remember what they say: "When opportunity knocks, answer it."
So, what are you waiting for? Get out there and look for that dream home of yours. With all that is available, I'm sure you will find one that you will love.
Jason:
The winter months have always been slow. Who wants to go out in the cold and freeze? LOL The market will pick up as the spring and summer months progress.
BLR Guy:
I am ready for some action!
Michael:
Glad to hear that business is picking up for you. :-)