I ran the numbers for January-July 2008, and compared the stats to 2007 for how our residential property sales are doing here in Schuylkill County. We're about 20% off in number of properties sold, to date.
A year ago, we averaged 100 transactions a month. So far, we're at 80/month in 2008.
Interestingly, in 2007 our average sale price was $94,000 and we've edged up over $100,000 this year.
So property sales are down, it's taking longer to sell this year, and the inventory is very high (we're listing 3 properties for every 1 we're selling). But values are holding steady, at least for now.
We see some pockets doing better than others. Pottsville, Minersville and northern Schuylkill are in a slump.
Schuylkill Haven, Blue Mountain, and Pine Grove aren't so bad. Or at least aren't as bad as the other parts of our area!