Reading Real Estate Market Extends Growth Trend in Price Cuts

This week in the Reading market, sales fell to 51 homes sold over the last 30 days, even as it endures a new upward trend in price reductions, with 72 reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price tumbled to $36,000, down from last week's $56,700. With decreasing sales and the availability of seven months of inventory, Reading is a solid buyer's market.

With these listings in Reading recently dropping in price, this may be the last time to see them before they come off the market:

$315K   $499K   $149K  

Get started right now by checking out Reading homes for sale or reviewing Reading real estate trends.

Demographic facts for Reading:

  • The population has increased 8.9% over the past decade.
  • This area has a safety rating of 66. (Scale: 1 = Worst, 100 = Best)
  • People in this area have an average commute to work of 25 minutes.

Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
RE/MAX of Reading
Century 21 Gold
Snapped 6 homes in this area
Weichert Realtors Neighborhood One
Snapped 1 home in this area

Agents that specialize in this area
5 snaps in this area
1 snap in this area
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