Spring Market Surge: Inventory Jumps in West Chester in March
Just like we saw last March, the West Chester Area School District market experienced a noticeable jump in inventory—signaling that the spring market is officially here.
While home sales increased slightly (69 homes sold in March, up from 64 in February), the real story is the surge in new listings.
📈 Inventory Is Climbing
134 homes were listed in March
That’s +60 homes compared to February (74 listings)
Interestingly, this is almost identical to last year’s February-to-March jump, when 147 homes hit the market.
🤔 So Why Did Inventory Tighten?
Even with more homes hitting the market, the supply of inventory actually decreased:
End of February: 2.3 months of inventory (108 homes)
End of March: 2.2 months of inventory (142 homes)
How does that happen?
Month Supply of Inventory measures how long it would take for all current homes to sell based on the current pace of sales. So even though inventory increased, buyer activity picked up as well, causing homes to sell faster.
🏡 Still a Seller’s Market
A balanced market typically sits around a 6-month supply of inventory, so we are still firmly in seller’s market territory.
33 out of 73 homes sold over asking price
Average sale price: $693,409
🔮 What’s Next?
Looking back at last year, inventory continued to rise from March into April and throughout the summer—and we expect to see a similar trend this year.
📲 Thinking About Buying or Selling?
Curious what this market means for you? Let’s talk. Fill out the form below and I’ll help you make a smart move this spring.
