submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office
Have you noticed it lately? A bunch of real estate signs in people’s front yards, a good many of them with SOLD sign toppers on them. That’s because people are buying and selling houses – more Bucks County real estate settled in June than in any month in the past 10 YEARS; 801 units to be exact, at an average sale price of $336,000. That pace looks to continue as Pending Sales in June – an indicator of upcoming trends – are up 18% over June of 2014, down ever so slightly over May’s pending sales, which were up 20% over last year.
While the number of transactions has been increasing at a pretty fast clip, prices are not! The average sale price has remained essentially flat for the past two years. If you’re thinking of buying or selling a property in the near future, hopefully these numbers demonstrate that there’s confidence in the market and things have stabilized.