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Saturday, February 16, 2013


Northampton and Lehigh County:

Overview: The market is unequivocally improving at a traditionally reasonable pace. Over the past year the Lehigh Valley market has increased by 4.5% as affordability of homes remains reasonable as do prices.

The supply and demand charts:

-Month to month view: Perfect chart. 
         
-The full year chart reveals that the pace at which homes are going under contract has slowed. However, with less homes being available, that is to be expected to a degree.

Median Price chart:

            -Prices are up for the full year 4.5%


Supply:

            -For the full year supply is down 6.7%

            -In the month to month view there are 500 less homes for sale than there were last year

            -This represents a decrease of 37.1

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