Home sales and prices in Bucks County have declined during the first 10 months of 2011 although October, 2011 saw a significant increase in the number of sales compared to October, 2010. Figures for 2010 are distorted by the federal New Homeowners Tax Credit which resulted in buyers purchasing homes in the first half of 2010 to receive the tax credit and decreased sales in the second half of 2010. We are now seeing home sales figures without the effect of federal stimulus.
Year-to-Date Market Snapshot: 1/01/2010-10/31/2010 vs.1/01/2011-10/31/2011
Homes Settled.........................Down 5.4%
Average Sold Price..................Down 5.3%
Average Days on Market........Up 19%
Source: Coldwell Baker Hearthside Realtors Market Research from Trend MLS.
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