Newtown Township Home Sales Through 9/30/2012



  

      

                     

          

 

Lower Makefield Home Sale Statistics

The number of single family homes for sale as of September 30, 2012 significantly decreased by 26.7% compared to the number of homes for sale on that date in 2011.   Some of the decrease is due to fewer sellers listing their properties, but there was also a 7.2% increase in the number of sales during the first nine months of 2012 compared with the same period in 2011. These factors decreased the number of available homes.

Prices are stabilizing.  The listing price as of the end of September was down .6% compared to the end of September 2011.  The average listing price for a home in Lower Makefield is now $470,000 compared to $473,000 for the prior year.

No one is predicting that prices will reach their 2006 levels in the near future, but the current signs indicate the market is stabilizing.

The following chart shows that the number of sales for 2012 has been fairly good compared to the number of sales for prior years.

Bucks County Home Sale Statistics Thru 9/30/12

What a difference a year makes!

The number of single family homes sold in Bucks County during September, 2012 was significantly higher than for September, 2012. The number of homes for sale decreased by 10.3%.  The following chart, provided by TrendMLS shows the statistics

 

It is still a buyers' market, but sellers are gaining more leverage with the decrease in the number of homes on the market.

Prices have not risen. In fact the average sale price of single family homes in Bucks County during the first nine months of 2012 was $275,000 compared to $280,000 during the same period in 2012.