If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Martin Millner- your professional Bucks County Real Estate Agent.
http://martinmillner.blogspot.com/
An Inside Look at the Bucks County Real Estate Market
.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }
Buying a Bucks County area homes? Perform a full home searchSelling your Bucks County home? Get a free Home Price Evaluation
Today I'd like to bring you a real estate market update for our area. Whether you're buying or selling, this should be a big help to you.
We're seeing 16% more houses going to closing through July this year than what we saw last year. The average sale price rose by 1.4% despite national claims that we would see a ton of appreciation. Our average days on market rose by one single day, and now sits at 78 days.
Pending sales did rise by 19.5%, which is a good sign. However, inventory levels have been rising for 14 consecutive months. Our current absorption rate is 8.5 months, so we're starting to see the number of homes on the market begin to decrease.
When inventory decreases and activity climbs, this will create a steady seller's market. However, real estate is extremely local, so be sure to check with me before you buy or sell in your neighborhood. Conditions can swing wildly from one street to the next.
If you need any assistance when you're buying or selling in Bucks County, please don't hesitate to contact me. I look forward to speaking with you!