- Bucks County Sales: UP 2.6% in November 2017 vs November 2016
- Bucks County Home Prices: DOWN 0.3% from last November.
- Bucks County Home Inventory: DOWN by 7.0% during the month
Fall 2017 Bucks County Real Estate Market Trends
Bucks County Residential Sales activity
Bucks County Inventory For Sale:
- Nov. 2017: 2,389
- Nov. 2016: 2,759
- Nov. 2017: 3.5
- Nov. 2016: 4.2
The inventory of homes for sale decreased by 7.0% in Bucks County during November and is down 13.4% (370 listings) compared to last year. That one statistic alone is driving up sales because the limited inventory is causing those in the market to chose a property based on what is currently available. The Months Supply of Bucks County Inventory dropped to 3.5 months, while the number of new listings in November was down 10% (63 listings) compared to last November. So if you’re looking for a new home for sale in Bucks, you found fewer homes to chose from and therefore to purchase the end of 2017.
- Nov. 2017: 569
- Nov. 2016: 653
- Nov. 2017: 7,471
- Nov. 2016: 7,281
Sales in November were down 12.9% compared to last November but are up 2.6% year-to-date. The Property Marketing Period decreased from 42 days in November 2016 to 27 days.
- Nov. 2017: $292,000
- Nov. 2016: $293,000
- Nov. 2017: $299,000
- Nov. 2016: $283,300
The median sold price in November was down 0.3% ($1,000) from last November but is up 5.5% year-to-date, a $15,700 increase per sale.
Settled Price / Original Price
- Nov. 2017: 97.0%
- Nov. 2016: 96.3%
- Nov. 2017: 97.2%
- Nov. 2016: 96.6%
The sold price compared to the original list price in November was 97.0%, slightly above the normal range of 94-96%. The Sold Price to List Price ratio was at 98.5% compared to 97.9% last November.
Average Showing Appointments Per Listing by Price Range
- During the Fall 2017, all showings in the Delaware Valley Real Estate Market were 2.2 showings per listing for properties for sale during the fall.
- All Listings:2.2
- $0k – $99k: 11.2
- $100k – $199k: 2.5
- $200k – $299k: 2.8
- $300k – $499k: 2.3
- $500k +: 1.1
Note: There were some showing reservation issues with the MLS during November however all appointments in November were down from the previous year and month.
Compare Fall 2017 Bucks County Real Estate Sales against the Fall 2017 Delaware Valley Real Estate Market.
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