Main Line Real Estate Market in March, Update 2, how many offers can you expect? Who can keep up! Real Estate is going crazy right now, so what’s happening locally here in the Real Estate market. Should you buy, should you sell, should you wait, should I stay, or should I go Now? I definitely like to sing! Well, let’s look at what the data is telling us. I’ve been helping people selling their homes and buying for years. In Wayne PA we only have 1.6 months of inventory, this is considerably low. That means if no more homes came on the market, it would take less than about a month and a half to sell all the homes. I’ve never seen numbers that low in all the years in the industry. Their average days on market is 18, now remember this is the average, we are seeing homes go pending much more quickly than that. I do advise you to leave your home active for at least a week so that you have the opportunity to get the highest quality offer, if you take an offer too soon, you may lose out on other offers that are coming your way. The Average List Price in Wayne PA is 684,000,900 and the Average Sales Price is $691,000, which means on average homes are selling for around 1 percent or in this case 7,000 above list price and in many cases much higher. In January and February our homes sold on average 1% and higher above list price. , Well it’s SMOKING HOT right now and most homes are under contract in 5 days receiving offers way over the asking price!! We are your Main Line Real Estate Market Community Market Leader Specialists. So give us a call here as we’re always here to help, If you would like to know what your home is worth in this amazing seller’s market I would be happy to drop off or email you a CMA-it is that easy. Kimmy Rolph sells the Main Line and local areas.
