Reading Real Estate Market Sinks to Contracts Low Point

There were 45 homes sold in the Reading market over the last 30 days, but 41 contracts were executed. This marks the lowest amount since last January, and could be a sign that the market is nearing a low. In comparison, Wyomissing had four contracts executed in the same time frame, the most of all nearby cities. Potential buyers should note that prices are coming down in Reading, and for this period the median sales price slid from $46,000 to $39,000. Reading is a strong buyer's market with seven months of inventory to choose from, aided by the downturn in contracts.

You never know when the perfect home may come in the market so take a look at the new listings in Reading:

$455K   $108K   $129K  

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

Demographic facts for Reading:

  • 50.5% of the people in this area are renters.
  • This area has a job growth projection of 32.5% for the next 10 years.
  • There are 926 students for every librarian. (803 = national average)

Data reported through 1/12/2017

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
1 snap in this area
5 snaps in this area
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