By now, I would think that everyone pretty much understands that the real estate market both in Bucks County, and pretty much all over the country has completely changed from what we experienced over the previous 4 or 5 years.

If you want a very clear, graphic understanding of the Bucks County market, take a look at the accompanying chart, which represents all of Bucks County real estate, through July.

The number are really amazing.  Just a couple of really important observations.  The number of homes settled, which means homes that actually went to closing in July, 2013, was 44% higher than July, 2012.  That is amazing.

July 2013 pending sales, which are those homes in Bucks County, that went under contract, were almost 23% higher this year, than last.

Since the beginning of 2013, I have been pointing out that inventory levels, were shrinking, when compared with the previous year.  Well, the number of homes on the market in Bucks County in July of 2013, was 8% less than last year at the same time. 

Prices in the County, are up almost almost 3 1/2%, for the year in Bucks County.

This data shows clearly, that our market is being driven by drastically increased buyer demand, along with declining levels of inventory, fueling price increases, and often multiple offers.

For those buyers frustrated by the lack of inventory, I wanted to mention that I often here of homes that are coming on the market, before they are actually listed.  If you would find that information helpful, please contact me at Marty@MartinMillner.com or 215-519-1399