Any Bucks County Real Estate agent can tell you – the market is hot! The August numbers are not in yet, but based on the July figures and personal experience the real estate market in Bucks county is great if you are a Seller – challenging if you are a Buyer.
Conversely inventory is down:
Prices are even starting to see a bit of an increase:
· Last July, the median sale price for Bucks County Homes was $340,000. This July, the median sale price was $362,750, an increase of 7% or $22,750 compared to last year. The current median sold price is 7% higher than in June.
(Median sale price is the middle sale price in a given month. The same number of properties are above & below the median).
We are seeing that houses that are priced correctly and are in move-in condition are selling in a day with multiple offers. Buyers are having to try several times before they have their offers accepted. This can be frustrating for everyone!
If you are thinking of Selling – now is the time. Give your real estate professional a call and get a competitive market analysis for your property. Take advantage of the real estate fever!