What does this measure?

The median price of single-family homes, broken down by year, in 2017 dollars.

Why is this important?

Home prices typically reflect demand for housing, and by extension, the health of the local economy and real estate market. Homeownership is an important factor for neighborhood stability and civic participation.

How is our county performing?

In 2017, the median price of a single-family home in Berks County was about $164,900, a 12% increase over the price in 2000 (about $146,600 after adjusting for inflation). During this period, the median home price increased steadily and peaked in 2007 at $195,100. Prices then dropped until 2011, when they were essentially flat until rising in 2016 and 2017.

Notes about the data

Data is from the Reading-Berks Association of Realtors. Comparable information for other geographies was not available.

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