Lower Makefield Township Home Sales Statistics

Lower Makefield Township Home Sales Statistics through November 30, 2011 are now in.  Here are facts in a nutshell for single family home sales:

·         The number of homes on the market increased 5.2% in the past year from 194 in November, 2010 to 204 in November, 2011.

·         The average price of homes for sale decreased 2.2% from $499,000 in November, 2010 to $489,000 in November, 2011.

·         The number of homes sold during the the first eleven months of 2011 decreased 10.3% from 291 in 2010 to 261 in 2011. 

·         The average sold price to original listing price percentage was 93% for the first eleven months of 2011 and 92% for the first eleven months of 2011.

The statistics indicate we are in a buyer's market as compared to Lower Makefield Home Sales Statistics for prior years.

	2011	2010	2009	2008	2007
JAN	15	16	14	21	18
FEB	13	11	8	12	22
MAR	22	23	12	14	28
APR	16	28	14	18	25
MAY	23	29	18	23	23
JUNE	38	57	31	39	46
JULY	26	24	34	30	56
AUG	31	39	36	31	37
SEPT	36	26	24	23	30
OCT	15	16	24	19	35
NOV	24	22	25	7	31
DEC		14	15	14	28

 Source:  Coldwell Banker Hearthside Realtors Market Research and TRend MLS Data

  Homeowners wishing to sell their homes should understand current market conditions and not expect to sell their homes for prices that homes sold in their neighborhoods at the peak of the housing bubble. For buyers, home prices and interest rates make homes quite affordable compared  to prior years.