In The Know

Single Family Home Sale Prices Have Risen And Number Of Homes Sold On Pace To Top 20 Year Record

Sharp Increase in Sales Transactions Results in Shorter Days on Market and Low Inventory Across the Region
Posted by Rebecca Nutt on August 29, 2017 in No Category
Coldwell Banker Hearthside, REALTORS® today shared forecasting data and analysis pointing to record low inventory levels for single family residential home listings in Bucks County, countered with a record increase in sales that outpaces not only 2016, but the 20-year record high reached in 2004.Based on a recent summary of a recent Coldwell Banker Hearthside Full Year Market Conditions Analysis, which analyzes real estate transactions and year over year data in the region, inventory continued trending down as ... read more
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According to Coldwell Banker Hearthside’s Full Year Market Conditions Report, following is an a overall summary of what the data and analysis tells us: Bucks County is experiencing a record increase in sales and demand has far outpaced supply. The inventory shortage correlates to increase in home sales and faster time to purchase. Sales are happening at a higher rate of volume for two reasons: time to sell has shortened and consumer demand is high, which is causing a rapid turnover in inventory. Millennials a... read more
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