submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office
The trend in our local Bucks County market of low inventory and high demand is continuing. The gap between ready, willing and able buyers and available homes to sell them is continuing to widen.
In many cases where homes are priced properly and in good condition, we’re consistently seeing multiple-offer situations, buyers paying above appraised value and/or asking price, and homes selling in less than 10 days in our local market. Our market cannot move forward without inventory because we cannot place our buyers into homes.