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
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When you look at the market on a national scale you’ll find that Pennsylvania’s real estate market is making headlines. In fact, according to Danielle Hale, an economist at realtor.com, the Keystone State exceeds national homeownership at 69% while the rest of the United States is at 64%.
At the Pennsylvania Association of Realtors® Fall Business Meeting, Hale also addressed the fact that Chester County has the highest list price, but coming in at a close second was Bucks County. In September 2018... read more
Another great Headline Folks! For Year to Date (YTD) August 2018, Average Sold Prices for Single Family (non-Condo) homes in Bucks County was up 6.4% (to $382,000) from the prior year, a very solid number! For the eight months ending August 2018 YTD, that equates to 4,859 homes sold, again a very solid indicator of market conditions. As an indication of how positive this trend actually is: the price level is the highest since 2007, just before the recession.
What does this mean? The lower number o... read more