A new study suggests that more home are being sold in Lower Merion at a higher price in 2012 than they were in 2009.
Home sales are up 12 percent in the first quarter of 2012 compared to 2011 in Lower Merion, according to a study recently released by Prudential Fox & Roach.
According to the numbers in the HomExpert Report, 119 houses were purchased in the first quarter of 2012 in Lower Merion, up from 106 in the same time period in 2011. Home sales in the township are up 45 percent since 2009.
The report also states that the median price of a home in Lower Merion in 2012 is $452,000, up 7 percent from 2011 and 20 percent from 2009. The median price of a house sold in the first quarter of the year in Lower Merion in 2009 was $377,000.
For complete numbers and information on the township’s real estate numbers, consult the report here.