Posted by: Bob Wiley | July 20, 2011

Lehigh Valley Real Estate Market Update – June, 2011

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By: Bill Plasha & Bob Wiley
Prudential Patt, White Real Estate

Just in from our friends at Lehigh Valley Living – the latest Market Update review for June, 2011

The Lehigh Valley Association of Realtor’s June 2011 Market Update reported 499 sales in the month up about 15% over May 2011. The average sales price was recorded at $200,000 up about 7% compared to the previous month. Houses sold at about 96% of list price in June which was up slightly over the previous month and the same month as June 2010. On average, properties sold in 88 days, a slight increase over the previous month when houses averaged 86 days on market. In June 2010 houses averaged 75 days on the market. Most properties sold fell in the $100,001 to $200,000 range – 209 units out of the total 499. Roughly 102 properties sold in the $200,001 to $300,000 range. Ninety-eight properties sold under $100,000. Median sales prices over Lehigh and Northampton counties vary with a median of $265,000 in Parkland, $146,000 in Whitehall-Coplay Area School District and $205,000 in Easton. For a full report on your local area, contact your Prudential Patt, White Sales Partner.

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