Housing Trends Continue on the Upswing for Lehigh Valley Market
The end of the summer season is upon us as housing trends for the Lehigh Valley continue to surge ahead. The median home sale price was $213,000 for the month of August, up 6.5% from last year’s median sale price of $200,000. Homes throughout the valley are now selling, on average, for 98.1% of the asking price. Time is a key factor as the median days on the market is down to 30 days in the Lehigh Valley; with DLP Realty, that number drops to just 19 days!
"Housing inventory remains low for the month and clients are still seeing record lows for days on market,” comments Jonathan Campbell, VP of DLP Realty. “More and more homeowners are coming to us for an immediate buyout of their home. They want hassle-free selling and we are able to provide them an instant cash offer while they control their move out date. With a demand for this type of home sale, we have named it, ‘The New Way to Sell Your Home.’"
Finding a home continues to be a challenge to buyers as the inventory of available properties is down 17.1% from last year. At DLP, we’re excited to offer an inventory of 85 available Coming Soon properties! Buyers will have exclusive access to homes that are not yet on the market. Whether you’re just beginning your search for a new home or you’ve been looking for a while and frustrated that availability is scarce, get in touch with us today and discover new beginnings.