Newtown Township Home Sale Statististics

The number of homes sold this year in Newtown Township through July, 2012 has significantly increased.  There was a dip in July but the overall trend is positive.  In fact, there were 32% fewer homes for sale in July, 2012 compared with the number for sale in July, 2011.

Average prices in the township fluctuate considerably due to the sales of new construction homes that are priced above the average sale price of existing homes within the township. 

A better indication of home sale prices for existing homes in Newtown Township is the statistics for Bucks County.  Prices in Bucks were up 1.5% if the average price of sold homes for July, 2012 is compared to the average price of sold homes in July, 2011. However, if home prices for the first seven months of 2012 are compared to the first seven months of 2011, prices were down 1.9%.

It is too soon to tell whether prices have bottomed out, but statistics indicate prices are relatively stable as compared the declining prices experienced since 2006.

This chart shows the month by month and year by year fluctuations in home sales over the last few years.