If ever there were a time to sell your home …

Characterizing the current state of Chester County’s real estate market as simply a seller’s market is a gross understatement. Calling it a seller’s market of historic proportions would be more accurate.

In the above video, Michael Diggin of RE/MAX Town & Country in West Chester analyzes the real estate market in Chester County.

“As we approach the end of the spring selling season, the real estate market in Chester County and across the area continues the record-setting performance we’ve experienced since mid-2020,” said Diggin.

The median price of homes in April 2021 rose by an incredible 12.5 percent versus April 2020.

“With so few homes available, those that are there are selling very quickly, and over 102 percent of the list price,” said Diggin.

Pockets of the county that have experienced a particular boom include the West Chester, Kennett, Great Valley, and Coatesville school districts.

“In these areas, we’re consistently seeing tremendous increases in prices, coupled with extremely low inventory,” said Diggin.

Although inflation fears may drive them up, interest rates remain attractive, hovering just above three percent.

“This offers buyers greater purchasing power, as they can afford a more expensive home,” said Diggin.

“If you’re a seller, it’s still the best time for you to probably get the highest value you may get for your home for quite some time,” said Lisa Risco of RE/MAX.