Another year has come and gone - can you believe it? Before we dive into the 2019 market, let's take a look back at the final month of 2018 and recap what happened this past year.
FROM THE VERY START"After a very strong 2017, 2018 proved to be different from the beginning," stated Jamie Mancuso, CEO of Coldwell Banker Hearthside. "With adverse weather conditions, and even with the Philadelphia Eagles winning the Super Bowl, the 2018 real estate market was off to a late start." In 2018, low inventory... read more
It’s already time again to take a look at the monthly real estate market update! The market is beginning to slow down for the anticipated holiday season, but November did have some important highlights.
Did you miss our October Market Update? Don’t worry - catch up here.
Before taking a deeper look, it’s important to note that we are now looking at the median for numbers pulled this month instead of the average as done in months prior. The difference is quite simple. The median, according to Z... read more
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.
Did you miss our September Market Update? Click here to catch up!
Homes For Sale
... read more
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