Delaware Valley Real Estate Market Trends

Fall 2017 Delaware Valley Real Estate Market Update

Delaware Valley Real Estate Market Trends

The Fall 2017 Delaware Valley Real Estate Market is up but also down.

Sales in the Delaware Valley Real Estate and Lehigh Valley Real Estate market exceeded last November by 4.7% and are now up 7.8% Year-To-Date. Sales have cooled a bit after a very strong start to 2017, but are still exceeding last year every month. The Fall 2017 Delaware Valley Real Estate Market is up but also down.

The median sold price is up just 1.4% this year, below the expectations of most housing market experts however, the median sold price in Pennsylvania is up 4.4% Year-To-Date. Delaware median sold prices are the same as in 2016 while New Jersey has seen a slight decline of 0.6% due primarily to an increase in foreclosure sales.


Fall 2017 Delaware Valley Real Estate Market Update

Delaware Valley Real Estate: Settled Listings
Category November 2016 November 2017 Change
Residential Real Estate 6,760 7,078 4.7%
Lots, Land and Farms 111 129 16.2%
Multi-Family 223 234 4.9%
Commercial 169 145 -14.2%

Sales in the Fall 2017 Delaware Valley Real Estate Market Update region were up 4.7% compared to last November, while Bucks County sales were down 12.9%. Year-to-date sales in TREND are up 7.9% year-to-date.

Delaware Valley Real Estate: Median Home Price
Category November 2016 November 2017 Change
Residential Real Estate $212,500 $215,000 1.2%
Lots, Land and Farms $60,500 $122,000 103.3%
Multi-Family $150,000 $138,950 -7.4%
Commercial $150,000 $110,000 -26.7%

The median sold price throughout the Delaware Valley and Lehigh Valley market was up 1.2% from last November, while Bucks County was down 0.3% compared to last November. The fall 2017 Delaware Valley Real Estate Market Update reveals that the year-to-date the median sold price in the local real estate market is up 1.4% while Bucks County is up 5.5%.

Click here for Bucks County Home Sale Data Fall 2017 Report.

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