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| JANUARY 2025 | |||
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| Units Sold 225 |
Active Inventory 343 |
Median Sale Price $285,000 |
Days On Market 27 |
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| Down -2% Vs. Year Ago |
Down -9% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 4% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 225 sold this month in Berks County Real Estate versus 307 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 2% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 34 units or 9%. The total number of active inventory this January was 343 compared to 377 in January 2024. This month's total of 343 is lower than the previous month's total supply of available inventory of 394, a decrease of 13%. |
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Median Sale Price
Last January, the median sale price for Berks County Homes was $260,000. This January, the median sale price was $285,000, an increase of 10% or $25,000 compared to last year. The current median sold price is 1% higher than in December. 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 250 |
Current Contracts 244 |
Sold Vs. List Price 100.2% |
Months of Supply 1.5 |
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| Down -13% Vs. Year Ago |
Down -9% Vs. Year Ago |
Up 0.8% Vs. Year Ago |
Down -7% Vs. Year Ago |
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Months of Supply
In January, there was 1.5 months of supply available in Berks County, compared to 1.6 in January 2024. That is a decrease of 7% 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 250 homes newly listed for sale in Berks County compared to 288 in January 2024, a decrease of 13%. There were 244 current contracts pending sale this January compared to 269 a year ago. The number of current contracts is 9% lower than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Berks County was 100.2% of the average list price, which is 0.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 27, higher than the average last year, which was 26, an increase of 4%. | |||
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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. |
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