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My Market HAVERTOWN
One of the truly great reasons I live and work in Havertown is not just the great people here, it is the great value. Although the market is not great now the values on home sales have remained high and actually have increased the median sales price in the township significantly more than last year! Now, to tell you the truth that was a little bit of a shock to me also. At the beginning of this year, 2010, we saw an increase in activity with a lot of higher priced new constructions and rehabs sold. (see blog 3/12/2010) After the tax credit expired at the end of April, the market came to what felt like a screeching halt. (see blog 7/12/2010) So now? Well there is no doubt that there are less buyers and more inventory. People are very tentative because of the economy. Those borderline buyers and sellers are going to sit on the fence til this economy starts to move. A catch 22, because what normally starts an economy from recession is the housing market. When the market becomes affordable thats when the smart money comes out. Now the smart money takes ... more
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