b'2021 YEAR-END UPDATE: Local Home Values Hit An All-time High%oforiginal price Chester Co. Montgomery Co. Bucks Co. Delaware Co.received 102.1% 101.7% 101.2% 101.1%Q3 2021This past summer, we wondered how long record-setting home price trends could continue .questioning if the window of opportunity for home sellersparticularly those in the popularsuburban areas of Philadelphiamay be closing. The answer didnt take long. L ooking at ending third quarter highlights for Montgomery,Delaware, Chester and Bucks counties,* home values continue to hit all-time highs. Sales transactions hit a new 10-year high. Actual days on market is at an all-time low. And the average MSI (months supply of inventory) is roughly a month for the four suburban hotspots . meaning LONDONDERRYexisting inventory could be exhausted in mere weeks. To compare this latter metric, a balanced market would average 5 to 7 months. According to Shannondell real estate manager Micki Pasquine,Real estate markets in our surrounding area (Shannondell is located in Audubon) offer unprecedented opportunity for sellers to maximizecash-outs of long-time suburban homes. For new residents selling homes in todays market, this generally means additional funds available for decorating their new home or other personal pursuitsas their onlyupfront expense in moving to Shannondell is a single affordable,refundable entrance fee. Her point is not missed by residents. We made the decision to move to Shannondell just before the pandemic. So, when it hit, my wife andI wondered if we should pause everything. Then, our local market got red hot. I ordered a new appraisal and our home value had increased by a tidy sum. It was a very pleasant surprise and, thankfully, pushed us forward, says John, one of many residents whove moved to Shannondell recently, and never looked back.2 * Current as of October 10, 2021, Bright MLS Industry Watch, Q3 2021'