Dateline…February 2009: West Chester, Downingtown, Coatesville, Unionville/Chadds Ford and Chester County, PA
FLASH: Interest rates are still at an all-time LOW — near 5%.
There has been a dramatic increase in Pending Sales.
Real Estate is cyclical…yearly as well as economically. Historically, there is a sharp increase in the Average SOLD Price from the first quarter of the year to the second quarter. With spring on the way, NOW is the time to buy OR sell!
Over the last 25 years, the average appreciation per year is 4%….in 2008 the market came back to that 4% line.