It's the beginning of September and the real estate market stats are in for August, 2008. I'll give you a quick overview for the Lehigh Valley and I won't bore you too much with it.
According to the statistics, the average price of homes, new and existing, dropped slightly in August, down about 3.4% from July. The number of sales also decreased from July's statistics, by .8%.
The average number of days on the market increased to 68 days.
What this means, is that it is still good news for buyers. The homes are still affordable and plenty of inventory to choose from.
To all you home buyers, get out there are buy your home while the prices are low. There is still plenty of inventory to choose from.
Now that wasn't too boring. Was it? It was quick and simple information.
HAPPY HOUSE HUNTING!!
