As 2008 comes to a close, here are the final year’s market statistics for Radnor Township.  During those two months, inventory diminished as sellers took their homes off the market for the holidays.

0-$500,000 Category:  14 New listings and 13 homes sold with the average sale price at $331,600 (91% of list price).  Average Days On Market (DOM) was 80 days.

$501,000 – $1,000,000:  19 New listings, 9 homes sold with the average sale price at $735,480 (96% of list price).  Average DOM was 117 days.

$1,000,000 – $2,000,000:  4 new listings, 2 sold with the average sale price at $1,675,000.  Average DOM was 109 days.

2009 is off to a good start with lower interest rates and increased buyer activity.  We will publish the January statistics within the next couple of weeks.  Stay tuned!