After a very strong 2017 market, 2018 has proven to be a challenge for the real estate industry. October’s market was haunted (no pun intended) by low inventory just as we’ve seen in previous months. Keep rejoicing Sellers! The market continues to sway in your favor with higher demand. But is this trend slowing down? Will Buyers be able to take back the reins? Let’s look further into October’s market stats.
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Homes For Sale
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The defining trend of the real estate market over the past few months has been low inventory, which means there have been fewer homes on the market for sale. And while this trend is still relevant, the story for August’s market is that homes are selling much quicker. The Buyer demand is high and they continue to respond to Sellers’ higher asking prices. Let’s take a look at the breakdown of the numbers, starting with inventory:
Homes For Sale
Bucks County: -15.4%
Montgomery County: -12.6%
Lehigh ... read more
Another month has come and gone and we’re in the dog days of summer. In the midst of July, let’s take a look back at last month’s market for Bucks County, Montgomery County, Lehigh Valley and Northeast Philadelphia – and what it means for home buyers and sellers throughout the Delaware Valley.
The story for June of 2018 is Average Sold Price – the one factor that was moderately up across most markets in the area, with Montgomery County being the only exception. Good news sellers! Even... read more
Another month has passed and we're observing the Bucks County market from April. Thanks to Manager and Director of New Agent Education Bob Williams, who thoroughly analyzes the market each month, we can take a closer look at trends in the Bucks County Market. There are only subtle changes compared to March 2018 and last year's April market, which is to be expected. A key, ongoing factor, however; low inventory. According to Williams, "Inventory shortages continue to be the top-of-mind driver of... read more