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FOCUS ON: BERKS COUNTY HOUSING MARKET |
MAY 2025 |
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Units Sold
339 |
Active Inventory
393 |
Median Sale Price
$300,000 |
Days On Market
21 |
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Down -16%
Vs. Year Ago |
Down -3%
Vs. Year Ago |
Up 7%
Vs. Year Ago |
Up 11%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 339 sold this month in Berks County Real Estate versus 334 last month, an increase of 1%. This month's total units sold was lower than at this time last year, a decrease of 16% versus May 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 3%. The total number of active inventory this May was 393 compared to 404 in May 2024. This month's total of 393 is lower than the previous month's total supply of available inventory of 406, a decrease of 3%.
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Median Sale Price
Last May, the median sale price for Berks County Homes was $280,000. This May, the median sale price was $300,000, an increase of 7% or $20,000 compared to last year. The current median sold price is 7% higher than in April.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
433 |
Current Contracts
401 |
Sold Vs. List Price
101.4% |
Months of Supply
1.2 |
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Down -1%
Vs. Year Ago |
Up 2%
Vs. Year Ago |
Up 0.6%
Vs. Year Ago |
Up 16%
Vs. Year Ago |
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Months of Supply
In May, there was 1.2 months of supply available in Berks County, compared to 1.0 in May 2024. That is an increase of 16% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 433 homes newly listed for sale in Berks County compared to 436 in May 2024, a decrease of 1%. There were 401 current contracts pending sale this May compared to 394 a year ago. The number of current contracts is 2% higher than last May.
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Sale Price to List Price Ratio
In May, the average sale price in Berks County was 101.4% of the average list price, which is 0.6% higher than at this time last year.
Days on Market
This month, the average number of days on market was 21, higher than the average last year, which was 19, an increase of 11%.
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*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |