Most sellers expect prices to have increased, but the statistics do not yet show that to be the case. As demand increases, prices are likely to follow, but sellers who are hoping for significant price increases are likely to be disappointed.
Price increases over the next few years in Bucks County are not expected to increase at the double digit rates they did between 2000 and 2006.
The chart below shows an increase in home sales, but a decrease in prices compared to a year ago. Homes generally go under contract two to three months before they are considered sold. Therefore, statistics for homes that went under contract during the Spring, 2013 market will not be available for a couple of months.
