Months of Inventory: Currently, Drexel Hill is experiencing a seller's market with only 1.4 months of inventory. This means there’s a tight supply of homes available, often leading to quicker sales and providing sellers like you with more leverage during negotiations. This is an encouraging sign if you're looking to sell your home soon.

 

Inventory Trends: There's been a noticeable 9% increase in inventory over the past month. However, looking at the broader picture, inventory has decreased by 53% over the last year. This long-term decrease reinforces the competitive nature of the market and suggests sustained demand, which is beneficial for sellers aiming for a swift sale.

 

Sold-to-List Price Ratio: Homes in Drexel Hill are selling for about 101.36% of their asking price. This indicates that buyers are willing to pay slightly over the asking price, which is a positive trend for sellers, highlighting strong demand and competitive bidding.

 

Median Days on Market: The median number of days homes stay on the market is just 9. This quick-moving market suggests that well-priced and well-staged homes can sell rapidly, which is ideal if you're looking to move sooner rather than later.

 

Median Sold Price: The median sold price in our area is currently $262,550. This figure can help you set realistic expectations for your property's value. Of course, the specific features and condition of your home will play a crucial role in determining your final sale price.

 

Understanding these market trends allows you to make informed decisions about when and how to list your home. If you have any questions or would like to discuss your specific goals, please feel free to reach out. I'm here to help you navigate the market with confidence and achieve the best possible outcome.

 

Warm regards,

 

B Martin Wickstroem