Monthly Market Update August 2017

Monthly Market Update August 2017

​Inventory is low, so homes are selling faster than ever that are priced right and positioned properly.  Yet, with the advent of HGTV buyers expect homes to be picture perfect which seller’s find frustrating. Let’s take a look at second quarter stats that were just released. 

In Bucks County, the average sales price is $354,719 that is up 7.1% from this time last year!  The number of homes coming on the market has decreased in 2017 yet the number of closed sales is greater than it was in 2015 & 2016. 

In Montgomery County, the average sales price is $339,640 that is up 7.9% from this time last year!  The number of homes coming on the market has decreased in 2017 yet the number of closed sales is greater than it was in 2015 & 2016. 

In Philadelphia, the average sales price is $269,592 that is up 12.6% from this time last year!  The number of homes coming on the market has decreased in 2017 yet the number of closed sales is greater than it was in 2015 & 2016. 

In Mercer County, NJ the average sales price is stayed about the same  at $340,778 that is down -.3% from this time last year.  The number of homes coming on the market has decreased in 2017 yet the number of closed sales is greater than it was in 2015 & 2016. 

In Burlington County, NJ the average sales price is stayed about the same  at $234,090 that is down -3.6% from this time last year.  The number of homes coming on the market has decreased in 2017 yet the number of closed sales is greater than it was in 2015 & 2016. 

For a full report that breaks down the market and its changes by zip code visit our website – www.SwainSells.com
 
This September and October we will be hosting 5 home selling seminars:
Sept 13 at the Warminster Library
Sept 21 at the Lower Southampton Library
October 4 at Homewood Suites in Newtown
October 11 at the Northampton Library
October 19 at the Middletown Township building
 
As always be on the look out for next month’s market update.  If you hear of a friend or family member looking to buy or sell remember to tell them about The Swain Team.
 

Monthly Market Update August 2017