The greater Philadelphia real estate market, including Bucks, Chester, Delaware, Montgomery and Philadelphia counties, is seeing positive trends, according to The Long & Foster Market Minute reports. Median sale prices increased in much of the area, and homes continue to sell at a solid pace.

The Long & Foster Market Minute reports are compiled from data from residential real estate transactions within specific geographic regions, not just Long & Foster sales.

Many counties in the Philadelphia region enjoyed rising median sales prices in August compared to the same month in 2013. Chester and Philadelphia counties both saw increases of 5 percent, while both Bucks and Montgomery counties experienced 1 percent improvements. Delaware County saw the only decrease at 4 percent.

Levels of active inventory varied throughout the region in August. Philadelphia County experienced a 3 percent decline, while Delaware County saw a 1 percent decrease. Inventory increased by 1 percent in Chester County and by 4 percent in Montgomery County. Bucks County saw a 7 percent jump in active inventory.

The number of units sold varied throughout the area in the month of August, with Chester County experiencing a 1 percent increase and Montgomery County seeing no change. Other areas experienced decreases of 3 percent to 7 percent.

Homes are continuing to sell at a steady pace, with many selling in about two months on average. According to August data, the days on market (DOM) average was 56 days in Montgomery County, followed closely by Chester County with a DOM average of 57 days. Bucks County had a DOM of 59 days, and Delaware and Philadelphia counties had DOM averages of 63 days and 66 days, respectively.

“In many areas across the Mid-Atlantic and Northeast, we’re seeing increased inventory, which means more options for those looking to purchase a home,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “Median sale prices have also remained strong, and we’re seeing homes moving off the market at a fairly steady pace. Overall, the real estate market is in a healthy place for continued improvement.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.