If you need assistance, please call 215-519-1399

Quick market update for end of July, 2013

Tuesday, August 13, 2013   /   by Martin Millner

Quick market update for end of July, 2013

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.


 


 photo MarketSnapshotJuly2013-page-001_zpsa3b9b60d.jpg


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

Keller Williams Real Estate - Newtown
Martin Millner
12 Terry Drive, Suite 204
Newtown, PA 18940
215-519-1399
215-519-1399

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“The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Platinum Realty Team participates, and is provided by TREND through a licensing agreement.”

“The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”

Data last updated:April 17, 2024 “Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.” “Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.” Data Last Updated: April 17, 2024

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Martin Millner - Coldwell Banker Hearthside Realtors participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2024 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: April 17, 2024 10 PM.
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