February 2014 Market Update: As expected, February was well below last year in terms of activity. The closed sales were down 11% and pending sales were down 13.5% from 2013. Year to date, that puts us 5% lower in closed sales and 11% lower in pending sales compared to the same time last year. Prices were strong though, with February’s Median Sold Price up 8% and Average Sold Price up 10.5% over a year ago. Year to date, Median Sold … (3 comments)
January 2014 Market Update: While the Delaware Valley housing market activity typically slows down in December and January, recent activity was well below expectations. The unrelenting harsh winter weather may have played a role in dampening market activity. Sales for January were a disappointing 3.5% below last year. Pending sales were 11% below last year. Electronic showing requests were surprisingly 7% above last year. The median sold price was 6.5% higher than a year ago. This is exciting news for sellers; and, … (2 comments)
2013 Home Sales Jump 14% as Demand Fuels Housing Recovery
2013 Year In Review: In 2013, the Delaware Valley real estate market (Philadelphia metropolitan region, including parts of Delaware, New Jersey and Pennsylvania) saw a robust comeback. Compared to 2012, sales were up 14% and the median sale price was up 4.5%. Inventory remained low throughout the entire year and ended the year 4% lower than at the end of 2012. And, while the number of distressed sales (i.e., shorts sales and foreclosures) declined by only about 2% … (0 comments)
All information is per regional MLS complied on 12/10/09 and is deemed reliable but not guaranteed. Search for homes on the market in Pennsylvania, New Jersey and Delaware. Click on the "My Home Finder" link below. Register to gain full access to listings and a suite of advanced web based tools!
February 2014 Market Update
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