Community Corner
Newtown Rated Top 3 In Home Sales Around The Main Line Area
See which local municipalities had the largest increase in home sales in the last six months compared to the same period last year.
While the Main Line in a long-term view is one of the most stable sub-markets of the Philadelphia region, it has been negatively affected by the economic downturn of the past five years. But the numbers are slowly inching back up.
In the nine municipalities Prudential Fox and Roach categorizes as the Main Line in its Home Expert Market Report:
- Median home prices increased 11.5 percent to $375,000 from the first half of 2010 to 2011.
- Home sales decreased 7.5 percent to 1,036 homes sold in the first half of 2011.
- The average number of days a home remained on the market increased from 77 days in the first half of 2010 to 97 days.
Check back Marple Newtown Patch to see the three municipalities on the bottom in homes sale according to Prudential Fox and Roach's Home Expert Market Report on the Main Line.
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