Bucks County Home Sales Statistics 2012

The pace of home sales has definitely increased in Bucks County.  Buyers have been spoiled over the last few years and are now complaining that there aren't enough homes on the market to choose from.

Sellers should welcome the increase in home sales.  Their homes should sell faster than they would have sold two or three years ago, but they should not assume that prices will significantly increase in the near future.

On average, home prices increased  .1% during the 2012 calendar year.  Newer homes appreciated more than older homes. Home sale prices,  now approximate 2004 levels, and are expected to increase modestly over the next couple of years.

It is an excellent time to be a buyer.  With home mortgage rates low,  qualified buyers can afford to purchase homes that would have been out of their price range five years ago.