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  • MG Realty Team Blog

    Friday, February 15, 2013   /   by Marc Giosa

    Fewer Homes for Sale in Broomall, PA while Listing Prices Fall

    According to the Market Report - a publication of MG Realty Team by Marc Giosa - the number of homes for sale in Broomall, PA was 52, down 26.14% from 65 in December. This is the 2nd consecutive month where the number of homes for sale decreased.

    The average price of homes for sale was $345,652, which was down from $352,024 in December. Likewise the median price of homes for sale - the number at which half of the homes listed for sale were for more and half were for less - decreased 0.03% to $317,288.

    "The local market is heating up. Inventory is down. Buyers are waiting for new inventory to hit the market causing in effect a pseudo sellers market," Giosa said. "Will there be an official shift.... We shall see!"

    The prices varied according to the size of the homes
    - 2 bedroom - $136,841 - a decrease of 0.2% from December
    - 3 bedroom - $288,056 - a decrease of 2.03% from December
    - 4 bedroom - $403,638 - a decrease of 3.1% from December
    - 5 bedroom - $675,833 ...

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